British businesses are gloomy about prospects for 2023 as they face the likelihood of a surge energy bills and ongoing post-Brexit trade difficulties, the British Chambers of Commerce said late on Wednesday. | Reuters
A current 18 billion pound program of energy subsidies for businesses expires at the end of March, and earlier on the Wednesday the government said it would publish new plans next week.
However, finance minister Jeremy Hunt warned businesses that he viewed the current system as unsustainable, and that any future support would be on a smaller scale. “The outlook from businesses remains bleak,” BCC director general Shevaun Haviland said. “Providing businesses with clarity regarding the new energy support package must be top of the government’s agenda,” she added.
Smaller businesses continued to face difficulty trading with the European Union after Brexit, and also when sending goods between mainland Britain and Northern Ireland, due to the EU’s requirement for checks on British goods moving to the province, which has an open border with EU member state Ireland.
“The impasse over the Northern Ireland Protocol continues to loom and the UK government must work with the European Commission to reach a negotiated solution on its business compliance burdens,” Haviland said.
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