Coventry and Warwickshire Chamber of Commerce says the decision to freeze bills for six months would mean the pressure is only eased for a short period
Dr Nicola Headlam, chief economist at Red Flag Alert, has warned that thousands of small and medium-sized businesses will go bust without significant government support this winter.
Liz Truss will this week announce a £40billion package to help businesses cope with soaring energy bills. The Government would reimburse energy suppliers for their losses.
The Railway Inn in Leeds has been forced to shut its kitchen and let go of its chef due to out of control energy bills as the first hospitality dominoes start to fall in the cost-of-living crisis