more tax on the energy they use, charging vat at 20% on their soaring energy bills. yet most support has been focused on households, while this bakery is facing a jump in its bill of £1,000 a month. at the moment we pay £1,800, which, to me, is a lot of money anyway. but then another £1,000 on top, so next october we will start paying about £3,000. it s frightening, to be perfectly honest. i don t know what we re going to do. i m just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows. customers are trying to spend less amid warnings of a recession. we ll have no businesses left. i think there s so many locally that i speak to that will just close because they can t afford their electricity bills. i m just hoping we won t be one of them. to stop thousands of firms now feeling the heat from being burnt, business groups say as soon as a new government is formed it must offer much more support. energy prices are disproportionately hitting sm
charging vat at 20% on their soaring energy bills. yet most support has been focused on households, while this bakery is facing a jump in its bill of £1000 a month. at the moment we pay £1800, which, to me, is a lot of money anyway. but then another £1000 on top, so next october we will start paying about £3000. it s frightening, to be perfectly honest. i don t know what we re going to do. i m just hoping that maybe somebody will offer us a lifeline, maybe the government will help. who knows. customers are trying to spend less amid warnings of a recession. we ll have no businesses left. i think there s so many locally that i speak to that will just close because they can t afford their electricity bills. i m just hoping we won t be one of them. to stop thousands of firms now feeling the heat from being burnt, business groups say as soon as a new government is formed it must offer much more support. energy prices are disproportionately hitting small and medium sized businesses.
can charge per unit of energy in england, scotland and wales the energy price cap is set to be announced tomorrow. less than a year ago, a typical annual home energy bill was about £1,200, it s now about £2,000 and it s forecast tomorrow to reach £3,500 per year, payable from this october. there are further increases expected in january. back in may, the government promised a £15 billion support package for households, but critics say this is not enough and that it doesn t cover businesses. here s our economics correspondent, andy verity. mixing, kneading and baking bread is an energy intensive business, which makes this small independent bakery in sudbury, suffolk, even more vulnerable to the price shock millions of small businesses are now facing. the government s collecting much more tax on the energy they use, charging vat at 20% on their soaring energy bills. yet most support has been focused on households,