Energy bills for UK businesses will be cut by around half their expected level this winter under a new government support package. The scheme will fix wholesale gas and electricity prices for firms for six months from 1 October, attempting to shield businesses from crippling costs.
Some industry groups have warmly welcomed the package but warned further support may be needed after the winter. Others have expressed that the business energy support guarantee period is “really not certain enough” as it’s seen as a short-term fix with no long-term strategy. UK manufacturers reported a slight fall in output in the three…
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