Energy: Prices
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the impact of industrial energy prices on economic growth.
Answered by James Murray
We know high energy costs are one of the greatest challenges facing industry and is a key barrier to growth in the UK.
In the Modern Industrial Strategy, we announced the new British Industrial Competitiveness Scheme, which will reduce electricity costs by c.£35-40/MWh up to 2030 and support thousands of businesses.
This forms part of a wider package of support to industry.
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