Energy bills for UK businesses will be cut by around half their predicted level this winter under a huge government support package.
"As we are doing for consumers, our new scheme will keep their energy bills down from October, providing certainty and peace of mind," she said. Unlike households, businesses are not covered by an energy price cap, which is the maximum amount a supplier can charge per unit of energy. It means non-domestic bills have soared even higher.
The big problem with this support for business is its shelf life. Few businesses plan with only a six-month time horizon and there will be some whose plans to cut production, close premises and let staff go will not change as a result of this intervention. Stephen Phipson of Make UK, which represents UK manufacturers, said businesses would "warmly welcome" the government support.
BBCJamesVincent A sticking plaster promise won’t address the school funding crisis. Schools don’t plan a budget on a 6 mth shelf life, this uncertainty raises real concerns for school leaders & staff. The prospect of redundancies and reductions in the curriculum are of a great concern to all.
ali karimi
Phew, that’s a relief. The church is short of a few quid .