Britain to cut companies’ energy bills in new industrial strategy

LONDON: Britain will aim to cut the electricity bills of thousands of companies under a new industrial strategy to be published on Monday, heeding calls from business to lower high energy costs that they say have damaged competitiveness and hindered growth. Under an industrial strategy for the decade 2025-2035, the government plans to cut the bills of electricity-intensive manufacturers by up to 25 percent from 2027, a move it said could benefit more than 7,000 businesses. The government has made boosting Britain’s anaemic growth a key priority.

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