Britain’s industrial strategy reduces the green tax to a decrease in energy bills

Written by Acest Smot

LONDON (Reuters) -The BRITAIN industrial strategy on Monday will reduce green fees, reducing energy bills for thousands of companies to try to make steel companies and other manufacturers more competitive.

According to the 2025-2035 contract strategy, the government plans to reduce intensive electricity industry bills by up to 25 % of 2027, which it said can benefit more than 7,000 companies.

The government has made a priority of anemia in Britain. But legislators and business leaders highlighted the high energy costs that many companies face as an obstacle.

Since the United States, during the era of President Donald Trump, the initiative has taken the initiative to promote the local industry through a protectionist tariff, and to tear potential environmental bases and fees, and Britain and the European Union also faced pressure to support manufacturers.

The UK’s Industry Authority said the government should cancel climate fees imposed on companies.

In response, the government gave an exemption from the most intense energy companies.

The industrial strategy still includes clean energy as one of eight sectors that have been pre -identified from the power of Britain. Others are advanced manufacturing, defense and creative industries.

“The treatment of energy costs and installation skills were the largest single coordination of companies and the biggest challenge they faced – this government listened,” Business Secretary Jonathan Reynolds said in a statement.

The government said that energy measures will be funded through the reforms of the energy system, without raising bills or home taxes. The scope and eligibility of the scheme will be completed after consultation.

Business and workers

The industrial strategy is the first in Britain in eight years, after the Labor Party in the center said that it will provide a more coherent approach to helping the industry in any skills to power to water and investment.

Prime Minister Kiir Starmer and other ministers said that the British state had stood both and intervened a lot. They said that workers have little support while getting rid of manufacturing, but they also faced what they say is integration.

Engineering and business groups welcomed the strategy’s focus on energy costs and skills, but the campaign of campaign supporting growth, and called on Britain to make more to ensure the fastest network connections and repair the planning system.

Under the strategy, the government will expand the ability of the British Business Bank owned by the state to direct investment to smaller companies, provide an additional 1.2 billion pounds ($ 1.61 billion) annually on skills by 2028-29, and reduce organizational burden on companies.

Manufacturing is less than 9 % of the economy.

In addition to the creative sector in Britain, the industrial strategy covers financial services and other professional services, but business groups from sectors such as hospitality criticized them for being tight in their focus.

($ 1 = 0.7435 pounds)

(Participated in the coverage of Acere Smot; additional reports by Andy Bruce and Sarah Young; Tahrir by Cleally Ozil and Parbra Lewis)