The Guardian Australia – Business
·business
·2 hours ago
Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns
Britain's manufacturing sector is at risk of collapse as high energy prices threaten thousands of companies with bankruptcy, according to Make UK's survey. Chief Executive Stephen Phipson warned that without urgent relief, the country could face deindustrialisation, with many firms experiencing significant profit squeezes and considering moving production overseas.
Summary by OZbrief · The Guardian Australia – Business
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