Emily
Editor, Senior Moderator
https://www.business-standard.com/a...nder-as-energy-bills-soar-122090300111_1.html
60% of British factories at risk of going under as energy bills soar
MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year
Topics
UK | energy sector
Julian Harris | Bloomberg Last Updated at September 3, 2022 06:50 IST
Soaring energy bills are threatening to put six in 10 British manufacturers out of business, according to a survey that lays bare the extent of the crisis facing the next prime minister.
MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year.
“The current crisis is leaving businesses facing a stark choice,” the report said. “Cut production or shut up shop altogether if help does not come soon.”..
60% of British factories at risk of going under as energy bills soar
MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year
Topics
UK | energy sector
Julian Harris | Bloomberg Last Updated at September 3, 2022 06:50 IST
Soaring energy bills are threatening to put six in 10 British manufacturers out of business, according to a survey that lays bare the extent of the crisis facing the next prime minister.
MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year.
“The current crisis is leaving businesses facing a stark choice,” the report said. “Cut production or shut up shop altogether if help does not come soon.”..