Lower energy costs part of government’s 10-year plan for industry

Reducing energy costs for thousands of enterprises It will be exempt from some green energy taxes and will form a central part of the government’s new 10 -year industrial strategy.

The plan, which can reduce energy bills up to 25% for more than 7,000 British enterprises, will be announced on Monday with other measures aiming to increase growth.

Prime Minister Sir Keir Starmer, BBC “stabilizing” to “stabilize” and “to” reduce the difficulties from abroad to help to help to help.

Shadow Energy Secretary Andrew Bowie criticized plans, saying that Britain needs a serious approach to energy policy, which “deals with the main reason for our high energy prices”.

“Surprising” labor “finally admitted that net zero costs are so high, billions of pounds of taxpayers to stop the money to stop the bust of energy bills,” he said.

Manufacturers in the UK are currently paying some of the highest electric prices in the developed world.

A new British industrial competitive plan will reduce costs for more than 7,000 manufacturing companies from 2027 Megawatt per hour, exempt from certain extra fees that support green energy and spare power supply systems.

Further details about which enterprises are appropriate and exemptions will be determined after a two -year advisory period.

The steel industry, including chemicals and glass construction, will cut off the network fees of the most energy intensive companies.

These companies are currently getting 60% discount through the British Industry Super Charging Device program, which will rise from 2026 to 90%.

The announcement of Monday will also include measures to accelerate the time it can take to connect new factories and projects to the energy network.

The Prime Minister said that the industrial strategy should be “long -term certainty and direction” that people should do good work, innovation and create good jobs that put more money in their pockets.

Following the events in the Middle East, Sir Keir said that the BBC aims to help Britain to “reduce the impact of problems and difficulties from abroad”.

“One of these challenges was energy prices … This strategy offers cheaper electricity prices in the long run in this country”.

Other plans in the industrial strategy include:

• By spending £ 1.2 billion each year until 2028-29, raising the British and reducing the trust of foreign workers
• Working in England with visa and migration reforms
• In order to reduce planning time schedules and reduce costs for developers, to rent more planners and put them in ordering the implementation processes
• Increasing research and development expenditures by 2029-30 by 2029-30, including 2 billion pounds for AI, to 22.6 billion pounds per year

The government said it will focus on eight private sectors that Britain is already strong and therefore should have a faster growth potential.

These sectors are advanced production, clean energy industries, creative industries, defense, digital and technologies, financial services, life sciences and professional and business services.

A 10 -year -old plan for five sectors will be published on Monday, but the strategies of defense, financial services and life sciences will come later.

Writing in Financial Times, The Prime Minister said that the strategy “Britain supports the creators of Britain”, and “a new stage for the government – a change that can feel change from correcting hereditary problems”.

The announcement will come after The latest figures showed that the UK economy decreased by 0.3% in April. -The worst contraction for a year and a half.

By the way, in April Business groups, the government’s employment rights invoice It can hit the growth at an uncertain time for the economy of the UK.

Chancellor Rachel Reeves, the industrial strategy “for investment and the latest technology will see billions of pounds, will alleviate energy costs and raise the nation,” he said.

The organization of the manufacturer, the UK’s general manager Stephen Phipson’s government strategy “a skill crisis, disabled energy costs and not to access capital for new British innovators” encountered with all three “large challenges of all the plans to address all of them, he said.

Trade Union Congress (TUC) Secretary General Paul Nowak welcomed the action “to reduce high energy costs for producers”.

He said: “For a long time, the UK industry has been Hamstung with energy prices far above France and Germany. It has made it difficult to compete, invest and grow.”

However, all businesses are not satisfied with the proposed plans. Although he complained about high energy bills and the increase in personnel costs, retail and leisure sectors were not included in the strategy.

Kate Nicholls, General Manager of Ukhospitality, said, “Together we were desperate to see a plan for hospitality and High Street that employ more than 7 million people. We were disappointed.

“If 70% of the economy is excluded from the government’s flagship plan for growth, how can national renewal be delivered accordingly?”

Liberal Democrat Business Spokesman Sarah Olney, government plans “enterprises should include real solutions to reduce high energy costs and upskill workers throughout the country” and ministers should ensure that small enterprises are “full” measures.