The chancellor was praised for responding to the concerns of big businesses by reducing the proposed increases in commercial energy bills from 6% to 4%.The increase under the climate change levy will be apply to smaller commercial users of gas, coal and electricity, but it was feared the rise would be larger.Larger energy users will receive an 80% discount if they sign efficiency agreements and will see a 0.9% increase in their energy bills.The levy will be recycled through a 0.3% reduction in employer's National Insurance contributions.'I welcome this move as it will prevent the possibility of larger companies such as British Steel moving out of the UK,' said Arthur Andersen tax partner Bill Dodwell.Industry experts were surprised the chancellor did not mention the scale of benefit on company cars as expected.
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