Support for businesses facing rising energy costs unveiled

Support for businesses facing rising energy costs unveiled

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

The video features an interview with Paul Farmer, Managing Director of Wade Ceramics, discussing the significant increase in energy bills over the past year, which rose by 80%, equating to an additional £800,000. The company has reduced usage to mitigate costs, but passing these increases to customers is challenging. Paul highlights the difficulties businesses face without government support and the potential risk of going bust. The government has intervened, but the details of the support are still unclear, with potential benefits for gas but not electricity.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been the significant change in energy bills over the last year according to the speaker?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does the speaker mention regarding passing on costs to customers?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How much was the company paying for energy before the increase?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker imply about the future of businesses if energy costs remain high?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's perspective on the government's support for energy costs?

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