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UK industry could face shutdowns as wholesale gas price hits record high

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Steel, chemicals and fertiliser industries warn of difficult winter unless government takes emergency action

Wholesale gas prices hit new all-time highs on Wednesday, prompting warnings that factories could be forced to shut down over winter or switch to more polluting fuels just as the UK hosts the Cop26 climate conference next month.

The crisis has already forced a wave of collapses among energy suppliers that has led to warnings of “desperate choices” for households likely to face higher bills as a result.

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