Ministers are drawing up plans to help shield British industry from sky-high energy costs in what is expected to be the centrepiece of Sir Keir Starmer’s vaunted new industrial strategy.
Business leaders have been assured by ministers that they are serious about dealing with the problem, which leaves British companies facing much higher energy prices than major competitors.
“If we don’t deal with uncompetitive energy prices, it doesn’t really matter what else we do,” said one government official working on the industrial strategy.
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