Page 26 - BOSS Today Issue 54

BOSS Today #54 DOWN TO BUSINESS

POWER SHARING

Tell us what the rising costs of energy mean to your business.

longside BOSS’s efforts in recent sourced from a range of members, both
Amonths, business leaders across the large and small. They are interested to
UK are lobbying Government to take know not only about how much costs
action on the ongoing energy crisis. While have risen, but also about what this
the news focus has been squarely on means for your business in the coming
the impact of price rises on households, months should prices stay at current
there is an increasing understanding levels.
that costs will need to be passed on to
consumers because businesses are being So, please get in touch and let us know:
squeezed ever more tightly. However, at
time of writing, there has been no help n The energy costs you are now having
announced for businesses, and the new to meet and the difference to previous
(much higher) price cap will set in on 1 months and years
April. The Treasury has indicated that n If you are able to pass any costs on to
the Chancellor’s Spring Statement on 23 customers
March will outline a support package, n If you have had to increase prices “It is vital that we give
but this is likely to target support in the and whether customers are now doing Government clear,
direction of households. business elsewhere (especially in
Business groups, including the Europe) as a result practical examples of
Confederation of British Industry n How sustainable the prices rises are.
and Make UK, have called on the What will your situation be in three or how businesses are being
Government to recognise that the impact six months if prices stay high? affected right now, and
on businesses will have a ripple effect n Any measures you are considering
across the economy. ‘Left unaddressed, taking: for example refusing orders, how things might look in
rocketing domestic and business bills will slowing or even stopping production
act as a brake on the recovery from the n Other rising input costs (eg raw the future if nothing is
COVID-19 pandemic, limiting consumer materials) which are compounding the done.”
spending power and companies’ pressure on costs
investment,’ they wrote in a letter to the n What the Government should be
Chancellor, Rishi Sunak, in late January. doing to help
n Anything else BOSS can do to help
How you can help n If you are happy for BOSS to share this
BOSS is also talking to Government information with Government (we can
about the impact of energy price rises anonymise any information you send
on our industry. It is vital that we give us, so please indicate if you wish this
Government clear, practical examples of to be the case)
how businesses are being affected right n Your contact details
now, and how things might look in the
future if nothing is done. Please send an email to Carys Davis,
We are therefore providing case BOSS Public Affairs Adviser, at
studies to the Department for Business, carys@bossfederation.co.uk

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