Businesses have been handed a welcome boost from the Government after months of worry in the face of rising energy bills amid fears that some would have to close this winter. As with domestic bill payers, businesses will now benefit from a price cap on the tariffs from October 1 after intervention from central government.
Business leaders in the West Midlands said employers would be "breathing a sigh of relief" following the announcement from new Prime Minister Liz Truss' cabinet. The Government said the price cap would cut the expected wholesale price in half.
For months, both businesses and industry groups have been warning of a winter of crisis as huge increases in energy cost are pushing companies to the brink. Support for households was announced a fortnight ago but businesses have had to wait for more details.
