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READ MOREChancellor ‘mooting plans to extend energy support for all firms’
Chancellor Jeremy Hunt is reportedly considering plans to keep energy bill support in place for all UK companies after the current scheme closes, in what would mark a U-turn on aims to target only the vulnerable sectors.
The Government is looking at extending the support past March, but at a less generous level than that under the existing Energy Bill Relief Scheme, according to the Financial Times.
It would see the Government scrap previously announced aims to switch to targeted aid and is said to be as a result of the difficulty in deciding which sectors should continue benefiting and which should not.
The report comes amid mounting calls for clarity on what support will be available to businesses after the current scheme – which caps wholesale energy prices on electricity and gas at around half the expected market price – ends on March 20.
Read more at Yahoo Finance
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