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The plan forms a key part of Sir Keir Starmer's 10-year industrial strategy

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Electricity costs for thousands of businesses will be cut by scrapping green levies to help them compete with foreign rivals.

The plan, which could cut bills by up to 25 per cent, forms a key part of Sir Keir Starmer's 10-year industrial strategy which he hopes will address stuttering economic growth and transform the business landscape.