Source · Select Committees · Business and Trade Committee
Recommendation 35
35
High energy prices significantly strain small firms' margins, impacting their ability to compete.
Conclusion
High energy prices are acting as a further strain on the bottom lines of smaller firms, significantly impacting their margins and hurting their ability to compete. The Government has recognised the impact this has on larger energy intensive industries. Specific consistent support is now needed for SMEs. (Conclusion, Paragraph 132)