Government urged to cut energy costs for industry amid job loss fears
Firms will be “pushed to the brink” unless the Government takes action to cut energy costs, a senior union leader is warning.
TUC general secretary Paul Nowak said jobs were on the line because firms paid more for their electricity than their international competitors.
He will tell the GMB union’s annual conference in Brighton that good, unionised jobs could be created across the country if “punitive” energy costs were cut.
He will say: “How can it be right that a British manufacturer pays four times more than an American manufacturer for its energy, or 50% more than a French one?
“This isn’t sensible economics – it means British companies and workers are being asked to compete with one arm tied behind their back.
“It threatens jobs, industry and growth. The cost of inaction is far greater than the cost of support.
“Without intervention, firms will be pushed to the brink, and once they’re gone, they won’t come back.
“So today, I urge minsters to do the right thing. Take action on energy costs and make sure the new industrial strategy gives British industry the level playing field it deserves!
“When energy costs are competitive, our manufacturers can thrive.”
Published: by Radio NewsHub