Labour has a plan to help British businesses with rising energy costs poster
Labour has a plan to help British businesses with rising energy costs poster
  • This crisis isn’t just leaving millions of families worried sick, sky-rocketing energy bills are threatening businesses across the country.
  • This is a national economic emergency.  Businesses need solutions now, not a government missing in action.
  • That’s why Labour’s plan include support to help businesses and the jobs they create.
  • We will protect those businesses most affected by energy prices and give our high street firms the help they need to get through this winter.
  • The Conservatives have lost control of the economy with businesses and working people paying the price. Only Labour can give Britain the fresh start it needs.

Labour’s plan for businesses

  • Support for energy intensive firms

Labour would establish a £1 billion contingency fund to provide help energy intensive industries like steel, chemicals and ceramics.

  • Supporting small businesses

Labour would cut business rates for small businesses in 2022/23 by increasing threshold for small business rates relief from the current threshold of £15,000 to £25,000. This can save local businesses up to £5,000 this year.

We want to provide support right now but Labour will also replace the current business rates system to create a fairer system fit for the 21st Century.

  • How we’ll pay for it

Labour’s plan to support businesses is funded by an increase in the Digital Services Tax this year, raising over £2 billion for the most profitable global tech companies

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