Britain scaled back its energy bill support for businesses after warning that the current aid level was unsustainable. | AFP
It will switch from a fixed price cap to a discount on bills, with energy intensive sectors such as ceramics, steel and glass benefiting from a larger reduction.
“But to provide reassurance against the risk of prices rising again we are launching the new Energy Bills Discount Scheme, giving businesses the certainty they need to plan ahead,” he said. The government launched its package last September to partially subsidize energy bills to prevent companies from being forced to close.It was unveiled under the short-lived administration of former premier Liz Truss, who was succeeded by Rishi Sunak in a Tory leadership contest.
But Tom Thackray of the business lobby group CBI acknowledged that it was “unrealistic to think the scheme could stay affordable in its current form”.
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