Sunak Says UK Working on More Business Energy Support From April

(Bloomberg) --

Most Read from Bloomberg

• Malaysia Latest: Muhyiddin Turns Down King on Unity Government

• Elon Musk's 2022 Wealth Loss Exceeds $100 Billion for First Time

• How Bad Will Housing Get? The Chill Gripping a Once-Hot Market Offers a Test

• Crypto Brokerage Genesis Is Said to Warn of Bankruptcy Without Funding

• Billionaire Investor Carl Icahn Is Betting Against GameStop Shares

UK Prime Minister Rishi Sunak said his government is working on a new package of energy support for businesses once current arrangements expire at the end of the tax year in April.

Read more: UK Expands Windfall Tax on Energy Firms to Fund Bills Cap

Chancellor of the Exchequer Jeremy Hunt is working on assistance for businesses that will be “more targeted” than current aid to ensure public money goes to those that need it the most, Sunak told the Confederation of British Industry’s annual conference in Birmingham on Monday.

“We recognize a particular issue with a group of industries who are very reliant on energy that we need to make sure we have a plan for, and so you can expect the chancellor to address that,” he said.

Most Read from Bloomberg Businessweek

• Tech Layoffs Send H-1B Visa Holders Scrambling for New Jobs

• US Is Focused on Regulating Private Equity Like Never Before

• Sears Limps Through What Could Be Its Final Holiday Season

• A Nation in the Crosshairs of Climate Change Is Ready to Get Rich on Oil

• How to Make Your Company Accessible for Disabled Employees

©2022 Bloomberg L.P.