IPPR

Turning energy support into investment leverage (opens in new tab)

If electricity costs are proving a constant headache for British industry, then the next few months might induce a migraine. High energy prices have been the norm since Russia's invasion of Ukraine, but volatile fossil fuel prices are once again on their way up as conflict in the Middle East sends energy markets haywire. Unlike domestic consumers who are at least protected until July by the Ofgem price cap, businesses are feeling this now. The Labour government responded to industry concern o...

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