New prime minister Liz Truss detailed her plans to combat the UK’s energy and cost of living crises during a Commons address on Thursday (8 September).
Truss said the support for businesses would be reviewed after three months, adding that there could be extended support for the most "vulnerable" industries, although no details have yet been revealed as to which industries will qualify for this.
The long-awaited intervention comes just weeks before typical household energy bills – gas and electricity – had been due to rise from £1,971 to £3,549, in line with another hike in the energy price cap set by energy regulator Ofgem.
