Lower energy costs part of government’s 10-year plan for industry

Lowering energy costs for thousands of businesses by scrapping green levies will form a central part of the government’s new 10-year industrial strategy.

The plan, which may slash energy bills by up to 25% for more than 7,000 UK businesses, is set to be unveiled on Monday alongside other measures hoped to boost growth.

Prime Minister Sir Keir Starmer called the industrial strategy “a turning point for Britain’s economy” by supporting key industries where there is potential for growth.

Acting shadow energy secretary Andrew Bowie criticised the plans, saying the UK needed “a serious approach to energy policy” that “tackles the root cause of our high energy prices”.

He said it was “astonishing” Labour was “finally admitting that the costs of net zero are so high that they’re having to spend…