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Government wants your views on impact of energy bills

The Department for Business is asking all businesses to respond to a survey on energy bills and the impact increased costs are having on your business. The IRC is similarly urging members to...

14 Oct 2022, more…

Study names UK’s best and worst cities for retail customer service

A new study, by careers experts, StandOut CV, claims to have identified the best and worst cities in the UK for customer service by highlighting the frequency of positive and negative comments...

11 Oct 2022, more…

Four in ten businesses believe profitability will reduce over the next year

The British Chamber of Commerce’s Quarterly Economic Survey (QES) for Q3 2022 shows a significant decline of key economic indicators, with weakening structural business conditions and...

11 Oct 2022, more…

Sustrans calls for protected cycle lanes to be urgent Government priority

To coincide with Cycle to School Week, Sustrans has been calling on local authorities and Central Government to guarantee protected cycle lanes on main road routes to schools.

6 Oct 2022, more…

Government accused of not consulting cycling bodies over National Trail overhaul plan

The Government has been accused of failing in its duty to contact statutory consultees within the cycling and equestrian sectors as part of a significant national trail overhaul plan.

5 Oct 2022, more…

Three quarters don’t expect police to bother investigating bike thefts

More than three quarters of British people do not believe the police would bother to investigate instances of bicycle theft, a new YouGov survey has found.

4 Oct 2022, more…

Paper £20 and £50 Notes No Longer Legal Tender

Paper £20 and £50 notes are no longer legal tender.

4 Oct 2022, more…

Study shows half the population see e-bikes as natural car replacement

With household budgets under pressure, a new study has revealed that half the population believe e-bikes are the natural replacement for cars.

29 Sep 2022, more…

Indie retailers doubt Liz Truss will help the high street

New research from Ankorstore, an online B2B platform that connects brands and shops in Europe, has shown that independent retailers are relying on the support of local shoppers, rather than the...

29 Sep 2022, more…

Retail industry reacts to Chancellor’s mini budget

Following the Chancellor’s mini-budget last week, the retail industry has been reacting to the support package for small businesses and independent shops….including some of the...

26 Sep 2022, more…

Government Energy Support Package for Businesses

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Government Energy Support Package for Businesses

Posted on 8 Sep 2022

The new Prime Minister Liz Truss has announced the much-anticipated support plan to help households and businesses cope with rising energy costs.

The Prime Minister announced a £2,500 annual energy price cap for two years from start of 1st October for consumers and a new six-month scheme for businesses which will provide equivalent support to that being offered to consumers.

This figure takes account of the removal of green levies and will replace the existing energy price cap. This means that businesses will see their energy costs capped at the same price per unit - or kilowatt hour (kWh) - that households will pay under the government's new plans. This support for businesses will be reviewed by Business Secretary Jacob-Rees Mogg within three months time to identify where more targeted support should be given.
 
The Prime Minister also announced two new reviews to improve the UK’s energy security. The first is a review of energy regulation that will focus on addressing long-term supply and affordability of energy, while the second will be a review of how the government can reach net zero in a way that is pro-business and pro-growth.


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