£420m bill cut for heavy industry as union attacks 'obscene' energy profits
PositiveFinancial Markets

UK Steel has welcomed a significant £420 million reduction in costs for heavy industry, highlighting the government's efforts to support the sector amidst rising energy prices. However, they believe more could have been done to address the 'obscene' profits being made by energy companies. This news is important as it reflects ongoing discussions about balancing industrial support with fair energy pricing, which affects both businesses and consumers.
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