kneading machines and, of course, ovens are power hungry and this bakery in suffolk is bracing itself for a crippling rise in bills when its current commercial deal ends. it s a threat many businesses are facing. we ll have no businesses left. i think there s so many locally that i speak to that will just close because they can t afford their electricity bills i m just hoping we won t be one of them. it s frightening, to be perfectly honest. i don t know what we re going to do. i m just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows? remember, companies energy bills are not limited by any price cap and business leaders want them to get more help and protection. energy prices are disproportionately hitting small and medium sized businesses. we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to ofgem to ensure businesses are getting the right fixed rate contracts. this bakery
close because they can t afford their electricity bills i m just hoping we won t be one of them. it s frightening, to be perfectly honest. i don t know what we re going to do. i m just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows? remember, companies energy bills are not limited by any price cap and business leaders want them to get more help and protection. energy prices are disproportionately hitting small and medium sized businesses. we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to ofgem to ensure businesses are getting the right fixed rate contracts. this bakery s customers will learn how much their incomes will be squeezed tomorrow, when a new household price cap is announced. the price cap isn t really a cap at all it s the amount of money energy companies are allowed to charge a household that uses the average amount of gas and electricity. now currently, th
we ll have no businesses left. i think there s so many locally that i speak to that will just close because they can t afford their electricity bills i m just hoping we won t be one of them. it s frightening, to be perfectly honest. i don t know what we re going to do. i m just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows? remember, companies energy bills are not limited by any price cap and business leaders want them to get more help and protection. energy prices are disproportionately hitting small and medium sized businesses. we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to 0fgem to ensure businesses are getting the right fixed rate contracts. this bakery s customers will learn how much their incomes will be squeezed tomorrow, when a new household price cap is announced. the price cap isn t really a cap at all it s the amount of money energy companies are allowe
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Consolidation: 3M is a diversified global manufacturer, technology innovator and marketer of a wide variety of products. All applicable subsidiaries are consolidated. All intercompany transactions are eliminated. As used herein, the term 3M or Company refers to 3M Company and subsidiaries unless the context indicates otherwise. Basis of presentation: Certain amounts in the prior years consolidated financial statements have been reclassified to conform to the current year presentation. As described in Note 19, effective in the first quarter of 2020, the Company changed its business segment reporting in its continuing effort to improve the alignment of businesses around markets and customers. Additionally, the Company consolidated the way it presents geographic area net sales by providing an aggregate Americas geographic region (combining former United States and Latin America and Canada areas). Also,