Watch: Chancellor announces cut back energy bill support scheme for business

The Government has announced a scaled-back energy support scheme for businesses from the start of April.

The Treasury has said it will spend £5.5 billion to give businesses and other organisations discounts on their energy bills for 12 months from the start of April.

Announcing the plans, the Treasury said previous “unprecedented” levels of support for businesses throughout winter, estimated to have cost around £18billion, were only ever intended to be time limited.