Government considering measure to slash industrial energy prices
Ministers are considering a commitment to cut soaring industrial energy prices for British companies to the same level enjoyed by competitors in France and Germany as part of its industrial strategy.
Britain has the highest industrial electricity prices in the G7, a cost businesses say makes it impossible to compete internationally and risks "deindustrialising" the UK.
Chancellor Rachel Reeves has warned petrol retailers of a "shared obligation" to keep prices down for motorists amid soaring prices and war in the Middle East.
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