UK Government to Slash Industrial Energy Costs

The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports. Proposals to make energy prices more competitive have been central to final discussions between the Department for Business and Trade and the Treasury Industries such as steel, ceramics and chemicals…