Business energy bills may be key to surviving downturn

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

Britain is set for several more years of financial woe, which could increase the importance of firms reducing their business energy bills.

According to the Institute for Public Policy Research (IPPR), the country will struggle to get its deficit under control for approximately six to seven years.

This could mean further job losses, banking problems and financial worry for people across the nation.

Tony Dolphin, senior economist at the IPPR, says the earliest the UK can think about being in a position to see off a threat such as that posed to the economy in 2008-09 is 2013.

With this in mind, companies hoping to survive the coming years may be wise to get their business energy bills in order, perhaps by finding a cheaper dual fuel supplier.

The International Monetary Fund recently suggested Britain is seriously hampered in terms of financial manoeuvrability due to the scale of its public debt.

Posted by Richard Eden

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