Liz Truss has been announced as Britain’s new prime minister following a trying six-week Tory leadership campaign. Inheriting what has been noted as one of the most challenging roles as prime minister from her predecessor, Boris Johnson, Truss succeeded in winning over audiences with a series of promises made, including a £150bn package aimed at shielding Britain’s households from soaring energy prices.
However, UK businesses have been warned by government officials that they will have to wait longer than households for help from their promised energy package. With brewing concerns over when these plans will come into action, Britain’s leading sustainability and energy-saving consultants, SaveMoneyCutCarbon, have outlined the varied ways that businesses can exercise agency over controlling their company’s energy bills outside of governmental regulations.
Many business leaders across the UK are facing weeks of delays for any help from the government, causing increased concern for thousands of companies reaching the end of their fixed-price energy contracts at the beginning of October.
With the Federation of Small Business predicting that 53% of SMEs will either stagnate, decline or fold within the next year, business leaders are urging the government to act quickly, as officials debate whether the plan will come in action before November – which could be too late for some.
