Salem Radio Network News Thursday, October 6, 2022

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UK businesses laud energy relief, but costs still a struggle

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( ) -q-23- UNDATED (Correspondent Jeremy House) “capped this winter.”

Restaurants, retailers and other businesses across the United Kingdom are being pushed to the brink by skyrocketing energy bills.

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TAG: Correspondent Jeremy House reporting. The government will pick up some of the tab for six months starting October 1 so that businesses pay discounted rates that are “less than half the wholesale prices anticipated this winter.”

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VERBATIM: One bakery owner doubts that even a massive support package announced this week by the U.K. government will make much of a difference to businesses like hers struggling with soaring energy costs amid a wider cost-of-living crisis. Energy prices have been a major factor pushing inflation to a four-decade high. The government says wholesale energy bills for businesses will be capped this winter.

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