Ministers to cap firms’ energy bills amid calls for longer-term support

Jacob Rees-Mogg is expected to cut price businesses pay for electricity by 50% and price they pay for gas by 25%

Jacob Rees-Mogg is expected to announce a cap on energy prices for businesses that would cut the rates they pay by up to half this winter.

The business secretary will outline support on Wednesday for companies, charities and public sector organisations for six months from 1 October, after Liz Truss said they would receive equivalent help to households whose costs are being capped.