#uk-industry

#uk-industry

The new strategy's emphasis on reducing high electricity costs for UK industry marks a significant shift, but it still largely resembles a sketch rather than a fully developed plan.

"The government has committed to ensuring Britain is open for business and pulling down barriers to investment. If it is serious about this, it must publish a plan to deliver industrial electricity prices that are competitive with our European peers."

Reynolds emphasized that the situation with Grangemouth is "not comparable" to British Steel, describing the latter as an exceptional case requiring specific legislative intervention.