UK businesses will see energy bills soar as subsidies to firms slashed by nearly 90%

According to the Government's own calculations, a typical pub will see its bills rise by almost £3,000 a month when the new scheme takes effect

UKHospitality chief executive, Kate Nicholls, said the new scheme would “simply be unsustainable for many”, adding that it remains an “extremely challenging period” for the sector.

He added: “The Government has done much to protect businesses through the energy crisis. It must remain open, flexible and pragmatic in its approach to volatile wholesale energy markets as the year unfolds.”

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