Osborne vow to reduce energy costs

Press Association
File photo dated 24/11/10 of electricity pylons. George Osborne will make a pitch to ordinary working people today when he delivers his penultimate Budget before the general election.  PRESS ASSOCIATION Photo. Issue date: Wednesday March 19, 2014. See PA BUDGET stories. Photo credit should read: Andrew Milligan/PA Wire
File photo dated 24/11/10 of electricity pylons. George Osborne will make a pitch to ordinary working people today when he delivers his penultimate Budget before the general election. PRESS ASSOCIATION Photo. Issue date: Wednesday March 19, 2014. See PA BUDGET stories. Photo credit should read: Andrew Milligan/PA Wire



%VIRTUAL-SkimlinksPromo%The Chancellor announced a package of reforms to "radically reduce" energy costs for businesses, especially manufacturing, pledging savings of up to £7 billion by 2018/19 for industry as well as households.

George Osborne said the move will particularly benefit the most energy intensive manufacturers, around 80% of which are based in the North of England, Scotland and Wales.