US EditionEnergy prices cut for business as part of UK industrial strategy
- Starting in 2027, the UK government will reduce electricity expenses by as much as £40 for each megawatt hour for more than seven thousand manufacturing companies that use large amounts of energy, as part of its broader industrial plan.
- This initiative responds to concerns that the cost of electricity for UK industries, significantly above the average of International Energy Agency member countries and the highest among G7 nations, has been a barrier to business expansion and competitiveness.
- The plan will increase the British Industry Supercharger scheme's discount from 60% to 90% from 2026 and cut standing charges by up to 90% for industries like steel, ceramics, and chemicals.
- Business Secretary Jonathan Reynolds said the energy measures will be funded through system reforms without raising household bills or taxes, and the scheme’s scope will be finalized after consultation.
- These measures aim to help manufacturers compete globally, protect jobs, promote investment, and support growth amidst ongoing economic challenges addressed by the government industrial strategy.
32 Articles
32 Articles
UK Government to Slash Industrial Energy Costs
The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports. Proposals to make energy prices more competitive have been central to final discussions between the Dep…
Starmer Slashes Net Zero Taxes to Save Britain's Industries – The Daily Sceptic
Net Zero taxes will be slashed by up to 25% for thousands of manufacturers as Keir Starmer scrambles to save British industry from electricity costs that are the highest of any developed country. The post Starmer Slashes Net Zero Taxes to Save Britain’s Industries appeared first on The Daily Sceptic.
Murray hails ‘brilliant opportunities’ of UK Government’s industrial strategy
The Scottish Secretary Ian Murray was full of praise for the industrial strategy which was revealed by Sir Keir Starmer on Monday. Scottish Secretary Ian Murray has hailed the “brilliant opportunities” that could come out of the UK Government’s industrial strategy. Prime Minister Sir Keir Starmer unveiled the document on Monday, pinpointing key industries believed to have the most potential for growth such as artificial intelligence, offshore wi…
Will Labour’s industrial strategy go down as the moment Britain turned a corner?
With its plan to use state investment to ‘take the brakes off’ seven key sectors, the government might just have come up with the most meaningful industrial strategy of the past 50 years, says James Moore
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
