Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Businesses to learn next week how the government will help with energy bills

by September 15, 2022
September 15, 2022
Businesses to learn next week how the government will help with energy bills

Businesses will learn next week about how the government will help them to navigate the energy crisis.

A spokesman for Prime Minister Liz Truss said on Wednesday that the scheme will help businesses with October bills and will be backdated if the implementation is delayed.

He said: “We will confirm further details of the business support scheme next week.

“We are speaking to energy companies and businesses and representative organisations to provide them with reassurance on the points I’ve just set out.”

The spokesman said that Downing Street is also looking at slimming down the upcoming House of Commons recess as it tries to deal with the energy crisis.

The six-month assistance scheme announced last week has turned out to be more complicated than the scheme for consumers, as businesses are not covered by the energy price cap.

This means that the scheme for businesses could require new legislation, although Ms Truss’s spokesman said that issue is still being “worked through”.

Fixed energy contracts come to an end in October for hundreds of thousands of firms and many have been warning for weeks that their businesses may not survive the winter.

Two indicators slowdown already under way

“We did recognise there is concern about the support but what we are saying is that we will be providing the support to cover their October bills,” the PM’s spokesman said.

“We’re still working through exactly whether it will need legislation.”

The government has insisted that any delay in the business help scheme is not due to the death of the Queen, but more down to the challenge of devising a plan from scratch.

“We’re having to build a brand new system to deliver this support, rather than using the existing one,” the spokesman said.

It comes after a report in the Financial Times on Wednesday that said the support scheme for businesses may not be ready until November, although it also cited officials who expressed hope the package could still be activated next month.

The household scheme guarantees that for two years bills for the average home will not increase past £2,500, but it could come at a cost of more than £100bn.

Read more:
Businesses to learn next week how the government will help with energy bills

0
FacebookTwitterGoogle +Pinterest
previous post
Google hit with record €4bn fine over market abuse of Android mobile phone ecosystem
next post
Legal sector hits back at EU calls for regulation of third-party litigation funders

You may also like

Bitcoin Casinos Explained: How Cryptocurrency is Revolutionizing Online...

September 26, 2024

How to Pay HMRC with Credit Card

December 30, 2024

Exploring the Security Features of Non Gamstop Casinos:...

September 26, 2024

Surrey Village Pub Suffers Amid Water Contamination Crisis

June 4, 2024

Ovo launches energy deal below government price cap

March 27, 2023

Trump’s tariffs could boost demand for English sparkling...

March 19, 2025

Report finds the UK is Europe’s most “advanced...

January 12, 2024

Types of Artificial Intelligence Courses Gaining Traction Among...

September 2, 2024

Long-term sickness leaving 1.6m UK adults over 50...

January 30, 2023

Where to buy Telegram members in the UK?

March 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Ex-Trump prosecutor Jack Smith under investigation by government watchdog Office of Special Counsel

      August 3, 2025
    • Trump tells Schumer to ‘GO TO HELL’ over Senate nominee deal funding demands after negotiations collapse

      August 3, 2025
    • Pirro confirmed as D.C. U.S. Attorney amid partisan clash as Dem nominee blockade continues

      August 3, 2025
    • Dems dig in, Trump demands all: Nominee fight boils over in Senate as GOP looks for a deal

      August 2, 2025
    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 2, 2025
    • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

      August 2, 2025

    Categories

    • Business (8,652)
    • Investing (2,168)
    • Politics (16,290)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved