Small businesses warn of ‘existential threat’ posed by £20,000 energy bills
2 years, 4 months ago

Small businesses warn of ‘existential threat’ posed by £20,000 energy bills

The Telegraph  

Small businesses face an “existential threat” from soaring energy bills, industry leaders have warned, with thousands at threat of closure unless the new prime minister offers aid before winter. “The new electricity and gas quotes, contracts, and bills that have landed on many small business inboxes in recent weeks and months contain, in black and white, numbers which add up to an existential threat,” he said. “With five-figure annual energy cost increases common, too many small firms face impossible choices,” he said. A Government source said officials “are working on a number of options to help households and businesses” but nothing will be decided before the new prime minister takes office on Sept 5.

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History of this topic

In the bleak mid-winter, energy prices will rise – but ‘shopping around’ won’t help
1 month ago

In the bleak mid-winter, energy prices will rise – but ‘shopping around’ won’t help

The Independent  

As if the announcement of yet another energy price hike wasn’t bad enough, Ofgem has added insult to injury by telling the British public to simply “shop around” for better tariffs. The energy watchdog clearly knew that it was going to take some heat by releasing the information in the midst of a cold snap, when energy bills are at …

Federal budget 2024: Treasurer reveals $9.3b surplus while offering power bill relief, boosting rent assistance — as it happened
7 months, 1 week ago

Federal budget 2024: Treasurer reveals $9.3b surplus while offering power bill relief, boosting rent assistance — as it happened

ABC  

The government had been hinting for days in the lead up that energy bill assistance would likely be included again in the budget — and it's now been confirmed. All up, more than 10 million households will be getting $300 to put towards their power bills from July 1, while about 1 million eligible small businesses will get $325 to …

Budget 2023: Business to benefit from energy assistance and renewables investment, but key tax break scaled back
1 year, 7 months ago

Budget 2023: Business to benefit from energy assistance and renewables investment, but key tax break scaled back

ABC  

Renewable energy and the transition away from fossil fuels are the government's key focus in its assistance to businesses, big and small. Key points: The treasurer says more than $4 billion is allocated in the budget to renewable energy investments Small businesses can benefit from extra tax write-offs for electrification and energy-efficiency investments The instant asset write-off continues but limits …

UK: £12bn to be wiped out from UK as hundreds of small businesses may shut by year end
1 year, 9 months ago

UK: £12bn to be wiped out from UK as hundreds of small businesses may shut by year end

Firstpost  

The cost of energy was the main concern for more than three quarters of those who said the present economic crisis was the biggest challenge they had ever faced. Microbusinesses make up 96% of all companies in the nation’s private sector London: As expenses continue to rise, a report has found that hundreds of thousands of the UK’s smallest businesses …

‘250,000 hospitality jobs at risk’ without more energy bills support
2 years ago

‘250,000 hospitality jobs at risk’ without more energy bills support

The Independent  

Up to a quarter of a million jobs would be lost in a “bloodbath” on the high street if the government doesn’t extend its support on energy bills, an industry chief has warned. The fragile industry is already struggling with its own version of “long covid” and many businesses will not survive another economic shock, Kate Nicholls, the chief executive …

Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost
2 years, 3 months ago

Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Prime Minister’s plan to …

Chancellor piles pressure on Liz Truss with call for energy bills help for £45,000 earners
2 years, 3 months ago

Chancellor piles pressure on Liz Truss with call for energy bills help for £45,000 earners

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} People earning £45,000 …

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