Plans to lower energy costs for thousands of businesses by exempting them from some green energy levies have been set out as part of the government’s new 10-year industrial strategy.
The measures, which could slash energy bills by up to 25% for more than 7,000 UK businesses, have been unveiled alongside other plans aimed at boosting growth.
Prime Minister Sir Keir Starmer told the BBC the strategy intended to “stabilise” and help “mitigate” challenges to the UK from abroad.
Acting shadow energy secretary Andrew Bowie criticised the plans, saying the UK needed “a serious approach to energy policy” that “tackles the root cause of our high energy prices”.