Prime minister says 10-year industrial strategy marks ‘turning point for economy’ as energy secretary says government will cut electricity costs for businesses

Energy secretary Ed Miliband has also commented on the announcement of the government’s promise to cut electricity costs for key business sectors.

He said:

For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.

As part of our modern industrial strategy we’re unlocking the potential of British industry by slashing industrial electricity prices in key sectors.