The UK government is poised to help more than 300 energy-intensive companies to cope with the debilitating cost of power as ministers seek to stem a wave of job losses in the steel sector.
Kemi Badenoch, the business secretary, will on Thursday announce measures to support employers in sectors including steel, metals, paper and chemicals that are among those most exposed to the high cost of electricity.
The package comes on top of an offer of subsidies to Britain’s two biggest steel companies to prevent them closing their blast furnaces.
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