Future Of British Business
UK Business Groups Warn of ‘Cliff Edge’ as Energy Help Ends
- Some companies facing nearly double costs from April
- Shell’s possible exit from domestic retail is a concern: Ofgem
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Many British businesses face dire risks when the government tightens its energy support package in April, industry groups told a parliamentary committee Tuesday.
Hospitality companies could see an average of 85% increase in their power and gas bills from April, said Kate Nicholls, chief executive of UKHospitality. Small businesses could be at particular risk.