Liz Truss plans to axe green levies to ease burden of soaring energy bills for high-use industries [Video]

Liz Truss is to exempt power-hungry industries such as steel from all green levies as part of a package to help businesses cope with soaring energy bills.

Allies of the Foreign Secretary, who is the frontrunner to become prime minister next week, said plans to ease the country’s cost of living crunch must address the impact it is also having on companies.

The heads of six of the UK’s biggest pub and brewing firms yesterday signed an open letter to the Government demanding it acts to avoid ‘real and serious irreversible’ damage to an industry facing rises in energy bills of up to 400 per cent.

In a separate letter to ministers last night, the trade body UKHospitality warned the sector faced ‘widespread business failure’ unless it received support. Chief executive Kate Nicholls said: ‘Hospitality businesses are facing a crisis this winter, with soaring costs combined with a sharp drop in disposable incomes for our customers.’ She …