Chancellor to meet business groups as fears grow over cut to energy support

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Business groups are meeting with Chancellor Jeremy Hunt today over government plans for help on energy bills amid fears the support will be halved after the current scheme ends.

Business groups are meeting with Chancellor Jeremy Hunt on Wednesday over government plans for help on energy bills amid fears the support will be halved after the current scheme ends.

The current scheme – which caps wholesale energy prices on electricity and gas at about half the expected market price – ends in March. Mr Hunt is said to be considering plans to keep support in place for all UK companies after the existing scheme draws to a close Business groups railed against the plans, warning over job losses and company failures if universal support is withdrawn.

 

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