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UK Big Business Urges Chancellor to Cut Levies on Energy Bills
Source: Bloomberg
Energy Markets & PricesFiscal Policy & BudgetCommodities & Raw MaterialsInfrastructure & Defense
British businesses, including chemical and steel-sector companies, urged the Chancellor to remove levies from electricity bills as elevated energy costs intensify pressure on energy-intensive industries. The proposal signals worsening cost competitiveness and could raise the prospect of UK policy intervention to reduce industrial power costs.
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