Will UK firms survive the winter?

New government support package will cap wholesale energy costs for UK businesses for six months

Capping energy prices should help businesses by containing inflation
Capping energy prices should help businesses by containing inflation
(Image credit: Daniel Harvey Gonzalez/In Pictures via Getty Images)

Energy bills of UK businesses will be cut by half after the government announced a huge support package designed to help firms survive the winter.

Under the new plans, the government will fix wholesale gas and electricity prices for businesses for six months from 1 October, shielding them from the worst of the “crippling” energy costs, said the BBC.

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