The end of energy life-support: bad for business?

Companies have lost their guaranteed handouts – but it’s a relief for the taxpayer

A steelworker in a British steel factory
When energy bills are high heavy users, such as the glass, ceramics and steel industries, will get the largest discounts
(Image credit: AFP/Getty Images)

This week Jeremy Hunt enacted “the latest cut of his short tenure as Chancellor”, said Alex Lawson in The Observer. Once again, he moved to rein in the largesse of his predecessor Kwasi Kwarteng: in this case, the energy bill relief scheme for “non-domestic” customers. Hunt’s message to business was “unapologetically blunt”, making clear that the existing package was “unsustainably expensive” and that, after March, support would continue only at a much lower level.

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