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Future of British Business

UK Plans to Cut Business Energy Rates in Half in Bailout Package

  • Shops and factories would pay the same amounts as households
  • Program would start in October and last for six months

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The British government is developing a plan that may halve energy rates for many businesses to put them more in line with what households are paying, according to people familiar with the matter, as the new administration tries to stem the economic damage from soaring costs.