UK Government May Cut Energy Support For Business In Half To Save Taxpayer Money ...Middle East

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UK Government May Cut Energy Support For Business In Half To Save Taxpayer Money
source : OILPRICE ( Middle East ) () 37
Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and gas prices surge again, according to The Times. Chancellor Jeremy Hunt next month will announce a 12-month extension to a scheme that caps energy costs for businesses, similar to a package for households, although the generosity of the aid will be cut to save money. Under the existing scheme, launched by former prime minister Liz Truss, firms can grab a discount of up to £345 for a megawatt hour of electricity…

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