Spiralling Energy Bills Risk Driving Tens of Thousands of UK Firms out of Business

Spiralling Energy Bills Risk Driving Tens of Thousands of UK Firms out of Business
Undated file photo showing Sterling notes and coins. Dominic Lipinski/PA Media
Lily Zhou
Updated:

Tens of thousands of businesses in the UK are at risk of failure owing to high energy prices, according to a consulting firm.

Red Flag Alert, which self-describes itself as the UK’s “number one insolvency scorecard,” said tens of thousands of businesses may fail next year and those who survive will have to choose between paying energy bills and wages, calling on the government to make it a priority to support businesses.

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