‘It will be cheaper to close’: businesses urge Liz Truss to act fast over soaring bills

With energy costs set to rocket, UK's 5.5m small businesses hope new PM's strategy will ease the pain

Guy Adams, who has run the Isle of Barra Beach Hotel in the Hebrides for 16 years, may be forced to close his doors to guests for at least a year as spiralling energy bills make business untenable.

The hotelier's annual electricity bill is projected to rise from about 25,000 to 120,000 on top of a wave of price increases expected from suppliers, who are also facing soaring costs.