21st September 2022
Responding to the release of further details from the UK Government on the energy support plan for business, Trudy Morris, Chief Executive of Caithness Chamber of Commerce, said:
“Whilst it is welcome that the UK Government has finally responded and stepped up to provide an initial support package for firms by capping wholesale energy prices for six months, it is simply not enough. We hope that the Chancellor’s fiscal statement on Friday, will give more detail on support for businesses.
“A six-month cap is not enough for businesses to be sufficiently reassured that the problem won’t return when the cap is no longer in effect.
“We also urge the UK Government to engage with the business community before defining ‘vulnerable industries’ cited for support after the original six-month cap. Right now, many industries are vulnerable, and this is unlikely to change in such a short period of time.
“The Prime Minister has said she wants to deliver growth and get the economy going. To do this, we need businesses to survive.”
ENDS