UK plans to pay half of business energy bills
Thursday, 22 September 2022
LONDON, Sept 21 (AFP): Britain on Wednesday unveiled a six-month plan starting in October to pay about half of energy bills for businesses, as Prime Minister Liz Truss targets the soaring cost of living.
The announcement comes ahead of a mini-budget Friday when finance minister Kwasi Kwarteng is expected to unveil tax cuts to help a nation struggling with decades-high inflation.
Wholesale electricity and gas prices for businesses as well as charities, hospitals and schools will be capped at half the expected cost on the open market, the government said in a statement.