UK to Cut Energy Aid to Firms From April as Hunt Seeks Taxpayer Savings
- Treasury announces package that will take effect from April
- Manufacturers warn surging energy costs could spark job cuts
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The UK government said it’s cutting energy support to businesses from April as Chancellor of the Exchequer Jeremy Hunt seeks savings to help shore up the public finances.
A new 12-month program to help Britain’s companies cope with high energy costs will start in April and be worth as much as £5.5 billion, Treasury minister James Cartlidge told the House of Commons Monday. That compares with £18 billion over six months for the program it’s replacing.