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 March as the Treasury attempts to cut the cost of compensating for soaring gas and electricity prices, the government has confirmed.
James Cartlidge, the exchequer secretary to the Treasury, said on Monday that government would provide £5.5bn of “transitional support” for businesses over 12 months from 1 April 2023.
