Responding to the Business Energy Relief Scheme announcement, Muniya Barua, Deputy Chief Executive at 91¶¶Òù, said:
“This long-overdue announcement on energy bills will be cold-comfort for the capital’s businesses, as Government support is slashed while cost pressures remain high.
“Whilst we welcome business rate relief extension for vulnerable sectors, such as retail and hospitality, firms are still battling a toxic mix of skills shortages, high inflation and rising interest rates on top of industrial action and a looming recession.
“With some businesses already shutting up shop, without further government intervention, it is likely that more firms will sadly go under.â€