Make UK warns that Britain faces a significant risk of de-industrialisation due to potential tax increases and high energy costs. The organisation, representing various manufacturers, stated that the upcoming Budget must focus on growth. Chief Executive Stephen Phipson highlighted the dual challenges of weak demand and rising costs, calling energy prices an “existential threat.” A recent survey revealed that over two-thirds of manufacturers expect tax hikes, with many already passing increased costs onto customers. Phipson urged the Government to take decisive action rather than delaying solutions.
UK manufacturers face de-industrialisation threat
20 responses to “UK manufacturers face de-industrialisation threat”
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