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9 Nov 2022

bira has been offering guidance to retailers on how to take advantage of the Government’s energy bill relief scheme.

7 Nov 2022

Figures from research conducted by global marketing agency Wunderman Thompson Commerce suggested consumers are set to spend up to 50% less than usual this Black Friday, November 25th.

3 Nov 2022

Cycling Industry News’ sixth annual Market Study has today gone live with independent retailers, workshops and mobile mechanics invited to take part by clicking here.

3 Nov 2022

The ACT is delighted to announce a new partnership with Tyl by NatWest - receive a £120 bonus* when you sign up.

3 Nov 2022

New research has suggested as many as one in three drivers believe cyclists shouldn’t be allowed on public highways and should be confined to cycle paths.

1 Nov 2022

AA President Edmund King has told the Daily Telegraph that more cycle routes would be good for drivers, as encouraging motorists to take fewer journeys by car could cut household fuel...

31 Oct 2022

Sustrans has announced that it has joined together with other organisations representing active travel, motoring, road safety, the environment and business leaders to urge the UK government to...

26 Oct 2022

As the economic clouds darken, business leaders have tentatively welcomed the arrival of Rishi Sunak as the country’s new prime minister.

25 Oct 2022

Glasgow, Scotland - Bike for Good is proud to bring the internationally recognised training and accreditation scheme for bicycle technicians to Scotland for the first time. The first Cytech...

25 Oct 2022

Together with our partners at V12 Retail Finance, we are highlighting the FCA Consumer Duty and the four key outcomes that the FCA will be looking for authorised businesses to adhere to.

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Government Energy Support Package for Businesses

Posted on in Business News , Cycles News

The new Prime Minister Liz Truss has announced the much-anticipated support plan to help households and businesses cope with rising energy costs.

The Prime Minister announced a £2,500 annual energy price cap for two years from start of 1st October for consumers and a new six-month scheme for businesses which will provide equivalent support to that being offered to consumers.

This figure takes account of the removal of green levies and will replace the existing energy price cap. This means that businesses will see their energy costs capped at the same price per unit - or kilowatt hour (kWh) - that households will pay under the government's new plans. This support for businesses will be reviewed by Business Secretary Jacob-Rees Mogg within three months time to identify where more targeted support should be given.
 
The Prime Minister also announced two new reviews to improve the UK’s energy security. The first is a review of energy regulation that will focus on addressing long-term supply and affordability of energy, while the second will be a review of how the government can reach net zero in a way that is pro-business and pro-growth.


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