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Energy price cut for UK industry as part of government industrial strategy

Sectors including automotive, aerospace and chemicals will be exempt from paying green levies on electricity bills
The government’s industrial strategy aims to boost the British economy across its industrial heartlands

Sir Keir Starmer will invest £2bn over four years to cut energy prices by up to a quarter for thousands of businesses, as part of his long-awaited industrial strategy.

A new “British Industrial Competitiveness Scheme” would reduce electricity costs for more than 7,000 energy-intensive businesses in sectors including automotive, aerospace and chemicals, the government said.

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