Chamber comment on energy price cap announcement
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Rhiannon Bearne, Director of Policy and Representation at the North East of England Chamber of Commerce:
“The new price cap is a bellweather for the economic stress we know so many businesses and households will be under this autumn. Our most recent survey of businesses told us that energy concerns are second only to inflation in members’ minds right now. Yesterday we supported the British Chamber of Commerce’s new five point plan to tackle the cost-of-doing business crisis. This includes a temporary cut in VAT to 5% to reduce energy costs and Emergency Energy Grants for SMEs. These calls are practical and proportion to the scale of challenges facing business and consumers right now. We urge Government to act.
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