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Future of British Business

Fuller’s Pub Chain Fears Energy Bills Will Soar 125%

Corrected

London-based pub chain Fuller Smith & Turner Plc fears its energy bills will soar to £18 million ($21 million) in the current financial year, up from £8 million last year, as elevated global gas prices threaten British businesses.

Fuller’s warning comes ahead of Friday’s mini-budget, when Chancellor of the Exchequer Kwasi Kwarteng is expected to reveal details of a government program to help UK companies cope with the energy crisis. Businesses have complained that the plan has already been delayed for too long and fear it could leave firms facing a cliff-edge if support ends after six months.