The Chancellor of the Exchequer confirmed that industry groups' lobbying for increased support to help them cope with the impact of carbon taxes and clean energy subsidy schemes on energy bills had paid off. "We need to cut our energy costs," said George Osborne. "We're going to do this by investing in new sources of energy: new nuclear power, renewables, and a shale gas revolution... But above all we are going to have a £7 billion package to cut energy bills for British manufacturers - with benefits for families and other businesses too."