British companies face a “cost of doing business crisis”, ministers have been warned, with many commercial energy bills poised to rise more than fourfold this autumn. The majority of UK companies are due to renegotiate their electricity and gas rates in October, the month fixed prices for businesses have been set since energy markets were privatised. Many companies have contracts that expire this year, according to energy brokers. New estimates by consultancy Cornwall Insight show that businesses looking for a … read more »
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