Business groups warn spiralling energy prices 'will put brakes on economy'
Business groups warn spiralling energy prices ‘will put brakes on economy’ Business chiefs have written to Chancellor Rishi Sunak over cost of living crisis They urged him to ease the impact on households and firms across Britain The alternative, they said, was to risk throwing pandemic rebound into reverse
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Britain's biggest business groups have warned the Chancellor that spiralling energy prices ‘will act as a brake on the recovery’.
As the cost of living crisis deepens, business chiefs wrote to Rishi Sunak urging him to ease the impact on households and firms – or risk throwing the rebound into reverse.
They called on Mr Sunak to act ‘urgently to support consumers with spiralling bills and help business manage inflated costs’.
Without any intervention, rocketing energy prices ‘will act as a brake on the recovery from the Covid-19 pandemic’, they said.
The letter, signed by the British Chambers of Commerce, the Confederation of British Industry, the Federation of Small Businesses and the Institute of Directors, came a day
