The government says the current level of support for firms was 'unsustainably expensive'.
The government will scale back support for businesses with energy bills after warning that the current level of help was too expensive.
The energy support scheme is mainly used by businesses, but is also for charities, and public sector organisations such as schools and hospitals. "That means taking difficult decisions to bring down inflation while giving as much support to families and business as we are able." The Treasury said these businesses would receive more help because, with competitors around the world, they are less able to pass on higher costs to customers.
Businesses had previously raised concerns about a "cliff edge" if there was not further support for rising bills, potentially leading to job losses and bankruptcies.
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