Detail On Promised Energy Help For Firms Delayed

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Detail On Promised Energy Help For Firms Delayed

It is being widely reported by outlets such as the BBC, the Guardian and Financial Times, that UK Government support for businesses struggling with energy bills may not arrive until November.

However, the help would be backdated, and cover the period from 1 October, a government source said.

Last week Prime Minister Liz Truss said firms would get “equivalent support” to the help announced for households.

But companies have been in the dark as to what that actually means, including how much support they will get.

The help may be backdated because the precise mechanism and amount of support may not be finalised till November, a government source said.

The support for business was also time-limited to six months, with an option to extend support for “vulnerable businesses” – but there was little indication of what that means either.

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