Labour warned more industries could need British steel-style rescue amid soaring energy costs

The government faces new calls to take urgent measures on high industrial energy costs in Britain, as the leading industry bodies warn that more manufacturers may face a collapse unless the electricity prices with European competitors are clarified.

In a joint message to Counselor Rachel Reeves, the TUC Conference (TUC) and made the United Kingdom, the Organization of Manufacturers, she said that unless action is taken soon, the ministers may have to repeat emergency interventions such as the last British rescue.

They have warned that steel makers, chemical producers and other intensive energy sectors are pushed to the edge of the abyss through “high electricity prices”, which puts them in a “competitive defect” compared to competitors in countries such as Germany and France.

According to steel numbers in the United Kingdom, British producers will pay 65.97 pounds per MW (MWH) for electricity this year-compared to 49.50 pounds in Germany and 43.49 pounds in France.

The message said: “The government has committed to ensuring that Britain is open to business and withdrawing barriers that prevent investment.” “If it is dangerous in this matter, he must publish a plan to provide industrial electricity prices that compete with our European peers.”

This warning comes a few weeks after the ministers’ intervention to support BRISHISH Steel, which hindered its plans to move from coal -operating melting ovens to the ARC Furnace (EAF) green technology through the high electricity costs in the UK.

Critics of the green policy framework in the United Kingdom argue that environmental fees and network fees raise the costs of local manufacturers. In the United Kingdom, network connection fees are much higher than in many European Union countries.

Sir Jim Ratcliffe, the founder of the billionaire at Ineos, has repeatedly blamed the UK energy policy for “highly high energy prices and carbon tax bills.” Earlier this year, INEOS closed the artificial IINOS factory in Granghamout, noting “non -competitive” energy costs.

Speaking to Radio Times on Sunday, Business Secretary Jonathan Reynolds said that the prices of electricity in Britain are still higher than in many European countries because they are still strongly affected by volatile gas prices.

“What paralyzes us is our exposure to fossil fuels and gas prices,” said Reynolds. “If the wind price set electricity prices on most days, this will be a much better position.”

He added that the government is working on this issue as part of reviewing the industrial strategy.

While the UK manufacturing sector has shrunk as a share of the economy in recent decades, it continues to contribute 217 billion pounds annually to GDP and supports 2.6 million jobs, according to Make.

“Without urgent reforms to reduce energy prices, the competitive manufacturing base will not be internationally in the United Kingdom possible,” TUC and UK warned.

They call the advisor to implement immediate relief measures for “dense” dense manufacturers and clarify a long -term clear plan to reduce energy costs for all industrial sectors in the UK.

With inflation and the new government that indicates a new approach to the industrial strategy, business leaders are now pressing the decisive work – before pushing more companies to the edge.