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Business leaders call for urgent help with energy costs

Business leaders call for urgent help with energy costs

The Chancellor Rishi Sunak has been warned by five business groups that energy price rises on the horizon could push millions of people into fuel poverty. The British Chambers of Commerce, the Confederation of British Industry, the Federation of Small Businesses, the Institute of Directors and Make UK - said businesses were likely to be faced with further costs as existing fixed tariff contracts come to an end. "The scale of the crisis has left companies with little protection while they face dealing with soaring wage, shipping and tax costs," the groups said. "Small and medium-sized businesses are the most at risk. Many companies will be left with little other choice than to pass costs on to their customers, adding further inflationary pressure." A government spokesperson said: "We understand the pressures people are facing with the cost of living and are providing support worth around £12bn over two years to help families.”

Read more: BBC News


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