Eye-watering £20,000 bills pose ‘existential threat’ to small businesses

This is why the national chairman of the FSB is calling for the price cap to be extended to small businesses, given they are “barely breaking even as it is”.

Martin McTague said: “The new electricity and gas quotes, contracts, and bills that have landed on many small business inboxes in recent weeks and months contain, in black and white, numbers which add up to an existential threat.

“How is an independent café supposed to find another £20,000 a year to keep the lights on and the coffee machine going, when they are barely breaking even as it is?

“With five-figure annual energy cost increases common, too many small firms face impossible choices.”

He added that it could be nearly impossible for a “small manufacturer find another £70,000 to keep the production line going and the staff room heated”.

Article source: https://www.express.co.uk/news/science/1658826/energy-crisis-20-000-bills-existential-threat-small-businesses-kwasi-kwarteng