The next Prime Minister will need to introduce radical new policies to prevent the energy bills crisis from becoming a serious threat to both families and businesses.

The British Chambers of Commerce (BCC) has proposed a five-point plan to offer businesses immediate support, stating that the cost of living and the cost of doing business crisis are two sides of the same coin. 

The five-point plan includes strengthening regulation of the energy market for businesses, temporary cuts in VAT to 5% for businesses to reduce energy costs and reverse the rise in National Insurance contributions (NICs), alongside introducing government emergency energy grants for SMEs.