Business energy bill support to be reduced after March, Treasury confirms

New scheme promises £5.5bn of ‘transitional’ help for businesses over 12 months from 1 April 2023

Businesses will receive reduced support for their energy bills from the end of March as the Treasury attempts to cut the cost of compensating for soaring gas and electricity prices, the UK government has confirmed.

James Cartlidge, the exchequer secretary to the Treasury, said on Monday that the government would provide £5.5bn of “transitional support” for businesses over 12 months from 1 April 2023.

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