UK’s Truss Plans £40b Energy-aid Package for Businesses

61

  • Options include guaranteed unit price, or percentage reduction
  • Separate plan caps average household bills at less than £2,000

Incoming British prime Minster Liz Truss is planning a 40 billion pound ($46.22 billion) support package for businesses to help them cope with rising energy costs, Bloomberg News reported.

The plan would involve discounting firms’ energy bills by fixing the wholesale price of gas and electricity, with the government making up the difference, Bloomberg reported. ($1 = 0.8654 pounds).

Read more here.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Bloomberg

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.