Locking in good credit lines, reducing unnecessary overheads, and considering whether new clients can be taken on are among the measures suggested by advisers to keep firms above water as the energy crisis worsens.
Measures to contain energy usage at advice firms come after prime minister Liz Truss announced that the typical UK household will pay no more than £2,500 a year for energy for the next two years. This government guarantee begins on 1 October but a corresponding measure for businesses remains unaddressed. Professional Adviser has spoken with advisers to hear how the announcement of the price cap will affect operations. Chartered financial planner Anna Sofat told PA that while the new government's announcement on energy cap will provide some certainty for clients, there will be much ...
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