Business Secretary announces electricity discounts of £420 million

Business Secretary announces electricity discounts of £420 million

Peter Kyle would not comment on whether firms could expect to see tax increases in the budget.

Labour to slash electricity charges for UK factories amid industrial shutdown fears – Your Capital Minds

Britain’s factories are set to benefit from hundreds of millions of pounds in savings after the government announced sweeping cuts to industrial energy costs in a bid to stem a wave of closures across the manufacturing sector. Peter Kyle, the Business Secretary, confirmed that from next year energy-intensive industries such as steel, glass and ceramics will receive a 90 per cent discount on electricity network charges — up from the current 60 pe…

Government reveals electricity discounts of £420 million

Glass factory boss says 'By cutting the costs of energy in this way, the Government is helping our industry to support thousands of jobs across the country'