195 hospitality businesses in Bedford Borough face cost of living cliff edge
195 businesses in Bedford Borough are facing a huge £840,000 energy bill increase once Government support is slashed in April, new analysis from the Liberal Democrats has revealed.The average bill increase is likely to be around £4,317, putting pubs, restaurants and cafes at risk.
The Government initially capped the cost of business energy, but from April they are replacing that scheme and will instead just pay a small proportion of businesses' increased costs. This means many pubs, cafes and restaurants will see a 90% cut in help from the government.
Bedford Borough Liberal Democrats are calling for the government to think again. Businesses across the country are worried about the cliff edge they're facing this year and Ministers need to listen to businesses about the risks they are facing before they withdraw support.
Portfolio Holder for Town Centres and Planning Councillor Henry Vann said "Businesses need our support urgently, and countless local businesses in our area are facing a cliff edge with the threatened withdrawal of support. Our pubs, restaurants and cafes - many independent businesses in our Borough - have endured enough and we would all be devastated if we lose one due to government neglect.
"The government must act now to give businesses the support they need to endure this energy bill catastrophe. We are calling for them to intervene and think again about this change - if they don't we could see thousands of businesses across the UK, including pubs, restaurants and cafes going bust."