There are no new money to help reduce energy costs in the UK in reviewing spending

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The ministers failed to agree on a plan to reduce the high energy costs in Britain before reviewing spending on Chancellor Rachel Reeves, leaving a question mark on the final form of a policy that tops the priority list of business groups.

Jonathan Reynolds, Minister of Business, is still planning to reduce energy costs for the eight priority “growth” sectors specified in the new industrial policy of the government, which will be determined later this month.

But the structure of such a scheme was not agreed upon, while Refiz Looking for spending It is important to allocate any financing to pay for its price, which means that money may be carved from other budgets.

“We did not get far away,” one person admitted to seeing the discussions. “Things are still very alive. There is not much money and everything must be tilted towards the eight priority growth sectors.”

The industrial strategy will focus on advanced manufacturing, clean energy industries, creative industries, defense, digital and technologies, financial services, life sciences, and professional and commercial services.

Reynolds welcomed Rivers of 86 billion pounds in Government investment In research and development for four years, most or all of the growth sectors will be targeted.

The allies also said that Reynolds were happy with many aspects Review of spending ReevesIncluding 2 billion pounds to support the artificial intelligence plan and an annual increase of 1.2 billion pounds in the skills budget.

His ministry’s budget will increase by an annual an average of 5.8 percent at the real value until the end of Parliament, one of the most generous settlements in Whitol.

But when it comes to reducing the very high energy costs in Britain – which companies see as the largest individual wound to their competitiveness – the Treasury did not sign a scheme to reduce bills.

Make UK, the Lobby Group for Manufacturing, said that the industrial energy costs in Britain were four times the highest in the United States and 46 percent higher than the global average. She said: “The upcoming industrial strategy will be deadly defective unless high -sky energy costs are addressed.”

The ministers are considering many options, but Reynolds is said by people close to negotiating a desire to focus on helping on the eight “growth sectors”, which do not include adult energy users such as steel and ceramic.

These two sectors are already receiving support from the British Al Shahan Plan for the British Industry, which was established by the last conservative government. Reynolds also said to help other sectors including automobile industry.

Reynolds is a close ally of Reeves, and avoids some of the treasury battles against cash in reviewing spending. His ministry was one of the first to settle its budget, albeit with the issue of the cost of industrial energy that was not resolved.

The Ministry of Treasury documents shows that the settlement of the Ministry of Business includes 3 billion pounds for the advanced manufacturing sector to help the supply chain from zero emissions batteries and carbon emissions aircraft is very low.

It also includes 2.9 billion pounds for the British Business Bank, which enhances its funding capacity for smaller companies to 25.6 billion pounds.