Crippling energy costs 'an anchor on ambition'

BRITAIN must address soaring energy tariffs as firms struggle under the weight of crippling power bills on top of tax and wage hikes costing them an extra £24bn a year, the boss of the CBI is set to warn.

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Rain Newton-Smith, chief executive of the business group, will tell business leaders and politicians at the CBI's business dinner today that sky-high energy costs are an “anchor on our ambition”.