Energy intensive industries to see costs reduced
UK Chancellor George Osborne has today delivered his Budget Statement to Parliament, setting out how the government will take further action to secure the recovery and build a resilient economy.
Among the disclosures from the 2014 budget, the government has announced measures to reduce energy costs to ensure that the UK remains a competitive location for manufacturing.
With the acknowledgement that UK energy intensive industries (EIIs) pay up to 50% more for their electricity than in competitor economies, the Energy Intensive Users Group (EIUG) has welcomed news of action on energy costs.
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