Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to bring forward a support package to help energy-intensive industries deal with the high costs of energy.
We recognise that this is a difficult time for those businesses facing pressures due to increases in global gas prices and their impact on electricity and carbon prices.
Since 2013, the government has provided energy-intensive industries with extensive support, including more than £2 billion to help with the costs of electricity. We also have various funds in place to support businesses with high energy usage in cutting their bills, including the £315 million Industrial Energy Transformation Fund.
The government is also continuing to speak with a range of industry bodies and firms at both a ministerial and official level and will continue to do so.