View and explore our new local business directory

NEWS POLITICS

Wales’ Economy Minister demands UK Government intervention to reduce energy and fuel prices for Welsh businesses

Wales’ Economy Minister demands UK Government intervention to reduce energy and fuel prices for Welsh businesses

1 year ago 718 views

...
 

Wales’ Economy Minister, Vaughan Gething is demanding the UK Government takes immediate action to reduce the growing cost of energy and fuel on businesses across Wales.

  Sign up today

Click here to get your free All About Newtown account today and get localised stories and much more.

9 stories left to view without an account.

The call comes as many commercial energy bills are poised to rise more than fourfold this autumn.

Welsh Government Ministers have consistently called on the UK Government to act by introducing measures that will help support people during this crisis.

Since November 2021, the Welsh Government has used all available financial levers to deliver a package of measures to support households across Wales deal with the crisis.

The Minister is convening an urgent meeting with Welsh business representatives later today, to hear directly about the pressures they are facing.

However, only the UK Government has the tools necessary to provide the immediate protection business need.

 Economy Minister, Vaughan Gething said:

“The cost of living crisis engulfing the UK is having a significant impact on families across the country. We’re also facing a cost of business crisis, with businesses across Wales facing increasingly unbearable pressures because of soaring energy and fuel bills.

“Our businesses are the lifeblood of our communities. They provide the jobs people rely on for their livelihoods. As Wales’ Economy Minister, my immediate priority is to do what I can to protect our economy and the people who work within it.

“That’s why I am demanding that the UK Government steps up and takes immediate action now, by using the powers only they have at their disposal to intervene in this crisis. They must bring forward measures to reduce inflation and provide the significant additional help people and businesses need.

“Unless they act now, they risk inflicting significant harm on the Welsh economy. This cannot be allowed to happen.”

In 2022-23, the Welsh Government continues to support SMEs by providing £116m of targeted non-domestic rates support to businesses in the retail, leisure and hospitality sectors.

The Welsh Government’s Business Wales service offers a wide variety of support that will help businesses with financial pressures over the coming months.  The Service provides comprehensive information online and through workshops and 1-2-1 advice on subjects including employment and finance.


Get involved (0 comments)

You must be signed in to comment. Sign up for a free account now.


Related or similar stories based on this one

Image for the article Petrol retailers to be 'forced' to share data
Petrol retailers to be 'forced' to share data

8 months ago

Image for the article Petrol prices down in December
Petrol prices down in December

2 months ago

Image for the article Newtown drivers hit by soaring fuel prices
Newtown drivers hit by soaring fuel prices

5 months ago

Image for the article Welsh Government Fuel support scheme extended to more than 400,000 low-income households after £90m investment
Welsh Government Fuel support scheme extended to more than 400,000 low-income households after £90m investment

1 year ago

Image for the article Use our new tool to view the latest fuel prices in Newtown
Use our new tool to view the latest fuel prices in Newtown

4 months ago

Image for the article Local drivers are still being hit with high fuel prices
Local drivers are still being hit with high fuel prices

10 months ago

Follow us

Connect with us on Facebook, X (formerly Twitter) and Instagram

   

Trending
 
Easter treat for visitors to award winning attraction
 
Police searching for Audi 'getaway' car
 
MMP success at professional awards
Donate to us

We're a not-for-profit community interest company and have no corporate owners. We'd appreciate anything you can give to keep us providing free content.

  Donate via PayPal
Upcoming Events
Landscapes and Seascapes Exhibition

02/04/24 09:30am Newtown Library

Pie & Pudding Night with Rory Evans

04/04/24 07:00pm Waggon and Horses

Mark Jeffries @ Cafe Glitz

05/04/24 06:30pm Cafe Glitz

Latest Stories
 
Easter treat for visitors to award winning attraction
 
Police searching for Audi 'getaway' car
 
MMP success at professional awards