UK to Scrap Green Levies for Heavy Industry in Push for Growth

Energy costs will be cut for as many as 7,000 UK businesses as the government scraps green levies to level the playing field with foreign rivals and boost growth under its new ten-year Industrial Strategy.

Big users of electricity like aerospace, automotive and chemicals firms will be exempted from several climate schemes from 2027 to reduce their bills by as much as 25% and protect 300,000 skilled jobs, the government said.