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Landlords will be required to pass on energy bill cut to businesses - Rees-Mogg

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Landlords will be required to pass on energy bill cut to businesses - Rees-Mogg





Moving away from the Bank of England's interest rates announcement for a moment, landlords will be legally required to pass on to businesses the cut in wholesale prices contained in the government's energy bill support package, the business secretary.

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Tory MP Jason McCartney sought guarantees that small businesses based in former textile mills in Colne Valley would receive the support due to them.

Jacob Rees-Mogg, the new business secretary, who has been making a statement in the Commons about lifting the ban on fracking, replied: "We will legislate so that landlords are obliged to pass on the cut in wholesale prices."

On Wednesday, the government said legislation would be used to force landlords to pass on the £400 energy rebate to domestic tenants who pay all-inclusive bills for rent and overheads.