Reducing energy prices for business as part of the industrial strategy in the United Kingdom

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Sir Kerr Starmer will invest 2 billion pounds for four years to reduce energy prices by a quarter of a quarter of thousands of companies, as part of his long -awaited industrial strategy.

The government said that the new British industrial competitiveness plan “would reduce the costs of electricity to more than 7,000 intense energy companies in the sectors, including cars, space and chemicals.

Details of the companies eligible for the plan – which will exempt companies from paying many green fees and will enter into force in 2027 – after consultation.

This step is possible from the retail and entertainment sectors who complain of high energy bills as well as high employment costs after the government increased in national insurance contributions in April.

The government will also launch a system to simplify the network access for industrial companies, which is the Connections Accelerator service, with the aim of using new powers in the planning and infrastructure bill to reserve the network’s ability to strategically important projects.

The unveiling of the industrial strategy on Monday will represent Starmer’s attempt to develop a 10 -year plan to enhance the British economy across the industrial heart and its regions that suffer from economic recession.

The Popular Reform Party in Nigel Faraj in the United Kingdom It has pushed for a more powerful industrial strategy and increased investment in skills and job opportunities in the disadvantaged areas, creating a new urgency at the Labor Party summit.

Reform works well with voters in Britain’s fields with high levels of Unemployment and poverty child.

The industrial strategy will focus on eight main sectors: advanced manufacturing, clean energy, creative industries, defense, number and technologies, financial services, life sciences, and professional and commercial services.

New energy plans will be funded by repairs for a set of environmental and green fees, including emissions and teams of conversion, which supports the development of renewable energy sources such as marine winds.

However, Adam Bell, the director of politics in the consulting, said that it is still not clear how the government will pay for policies, adding, “There is a set of missing money.”

As part of its power reforms, the government will expand its “British Shamhan” plan, which provides 100 percent exemption of renewable power tax and reduce 60 percent in network fees.

Under the current plan, steel makers in the United Kingdom pay 66 pounds/MB compared to the equivalent German prices of 50 pounds and French prices of 43 pounds per hour, according to the Lobby Make Group in the industry.

To narrow the gap, the government will make the network reduce more generous network fees, more than 60 percent to 90 percent, which helps about 500 qualified companies in sectors such as steel, ceramic and glass.

The government is also planning to make the UK regions more attractive to investors by simplifying countless local tax exemptions.

It is expected that the Ministry of Business and Trade will announce that it will bring FreePorts, investment areas and institutions of institutions under the umbrella of “industrial strategy areas”, according to two people familiar with the situation.

The stop was designed to eliminate Confusion between the three private economic regions, That even those concerned who confess are almost identical.

They usually provide limited time and enhanced commercial rates and enhanced capital allowances and machines, and simplified import and export procedures, but they have slight differences in terms of financing the seed capital that they can reach.

The new industrial strategy areas are expected to transform more power to regional municipal heads, especially on planning.

The ministers said during the weekend that the industrial strategy will include an investment of 275 million pounds to create new educational programs and vocational training to train thousands of UK workers by 2029, especially in defense and engineering.

Creative industries will receive a batch of 380 million pounds, including 150 million pounds for mayors in Liverpool, Manchester, West Midlands and West Yorkshire to support creative companies in their areas.