UK becoming less attractive for investment, manufacturers warn

📆 10/01/2023 15.35.00
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Britain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on Monday. | Reuters

Make UK said the plans are likely to lead to exacerbate cuts to jobs and production that were already in the pipeline.

Manufacturers in Britain have struggled of late, with closely-watched S&P Global business surveys showing they suffered a more a severe downturn in December than other Group of Seven nation peers. “Ongoing supply chain disruption, access to labour and high transport costs which show no sign of abating can be added to a growing sense of economic and political uncertainty in their main markets.”

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UK becoming less attractive for investment, manufacturers warnBritain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on Monday. | Reuters
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