Scheme cutting bills by up to 25% expanded to cover 10,000 firms, but they will not be paid until next year
Rachel Reeves has announced an expansion of support for the most energy-intensive UK businesses, as they face soaring bills as a result of the Middle East conflict.
The chancellor said the long-promised British Industrial Competitiveness Scheme (BICS) would be expanded to cover 10,000 companies, up from the 7,000 originally announced.
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This article was originally published by The Guardian and written by Heather Stewart and Richard Partington in Washington.
Read original article on The Guardian