Finance Minister Tonio Fenech has offered SMEs a form of compensation for higher utility tariffs through tax credits, Vince Farrugia, Director-General of the GRTU said this evening.

Speaking after the GRTU’s second meeting in a few days with Mr Fenech, Mr Farrugia described the meeting as positive.

He said that rather than the tax credits, the GRTU delegation had argued that the tariffs should be reduced by an amount equivalent to the proposed credits.

He said the two sides would be meeting again in the coming days after the government presents its workings.

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