Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take action
Britain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey.
The manufacturers’ body Make UK said the latest feedback from its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental Europe and four times higher than in the US.
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This article was originally published by The Guardian and written by Phillip Inman.
Read original article on The Guardian