Chancellor to cut electricity bills for UK firms

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Chancellor to cut electricity bills for UK firms

Over 10,000 UK manufacturers will get their electricity bills cut by up to 25% in a bid to tackle high energy costs, the Chancellor has confirmed.

A one-off payment will be made to eligible companies in April next year. But business associations say the scheme is too limited and energy costs need to be brought down for all companies.

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Date: April 16, 2026