Welsh Economy Minister's response to UK Government Energy Bill Relief Scheme
Economy Minister, Vaughan Gething responds to the UK Government Energy Bill Relief Scheme, Economy Minister, Vaughan Gething
Yesterday’s announcement will ease some of the pressures on businesses and I urge the UK Government to pass the necessary legislation swiftly so that the full discounts are passed onto Non-Domestic customers and without delay.
While the support is welcome it may not be sufficient for many of Wales’s small and medium sized businesses which are facing up to six-fold price increases in their energy bills. A high proportion of these businesses are already struggling to break even post-pandemic.
Wales’s small businesses are the backbone of our communities providing vital jobs and incomes for local people and part our foundational economy. If these businesses fail, we will see increased unemployment, increased vulnerability and disruption to important supply chains.
The measures provide businesses with only a temporary respite and little certainty to help them plan ahead. Many will be forced to close if they are not sufficiently supported. Therefore, I call upon the UK Government to commit to a longer-term plan to give more certainty to enable businesses to cope with persistent high energy costs
We are closely scrutinising the UK Government support announced today to see whether there is more we can do to support Welsh businesses. This includes looking at ways of helping businesses reduce energy usage or increase energy efficiency.
However, let’s be clear, the main levers to support businesses rest firmly and squarely with the UK Government.
Latest News from
Time to apply for latest round of funding to transform towns across Wales30/09/2022 14:05:00
The Welsh Government is encouraging local authorities to apply for its latest round of Transforming Towns loan funding.
Welsh company’s interactive prayer mat goes viral thanks to export success30/09/2022 11:05:00
A company based in Newport, Wales, which invented the world’s first interactive prayer mat has set its sights on significant global expansion, with support from the Welsh Government, after seeing its products go viral in the Middle East.
Seven things you may not know about Wales’ new 20mph default speed limit30/09/2022 09:05:00
Wales became the first UK nation to pass legislation to lower the default national speed limit on residential roads and busy pedestrian streets from 30mph to 20mph when the Senedd voted in favour in July this year.
Thalidomide survivors in Wales to get lifelong financial support29/09/2022 11:05:00
The Minister for Health, Eluned Morgan has today announced a lifetime guarantee of financial assistance for those affected by the Thalidomide drug in Wales.
A new chair has been appointed to Powys Teaching Health Board for a term of four years29/09/2022 09:05:00
Carl Cooper has been selected by the Minister for Health and Social Services Eluned Morgan as the preferred candidate following an open and fair competition and will take up the role from the 17 October, subject to the relevant pre-employment security checks.
Chair of the Flood and Coastal Erosion Committee reappointed to continue delivering in the face of climate change28/09/2022 14:05:00
Climate Change Minister Julie James has today announced that the chair of the Flood and Coastal Erosion Committee, Martin Buckle, has been reappointed for a further three years.
Welsh communities invited to build innovative new schools28/09/2022 11:05:00
Welsh local authorities have been invited to bid to build two new schools, the Welsh Government has announced, as it launches its Sustainable Schools Challenge.
Homebuyers to benefit from new tax rules28/09/2022 09:20:00
People buying homes in Wales for less than £225,000 will pay no tax, under new measures announced by the Finance Minister.
"We’re immensely thankful to all those across Wales who are acting as hosts to Ukrainians, but it’s vital that more households come forward”27/09/2022 16:05:00
Minister for Social Justice Jane Hutt on the Homes for Ukraine Scheme.