Survey by Make UK, the leading trade body for UK manufacturers and auditing firm PwC, said the proportion of manufacturers who believe Britain is a competitive location has halved to 31% from 63% a year earlier, and 43% said Britain had become less attractive to foreign investors.
The survey, involving 235 companies, was conducted between 1 and 22 November, when the short-lived Liz Terrace government turmoil was fresh in people’s minds and 53% of companies said the instability current policy had damaged confidence. sector.
Chancellor of the Exchequer Jeremy Hunt is expected to outline a sharp cut in energy subsidies for businesses this week, and Mick UK said these plans could exacerbate cuts to jobs and output that were already in the pipeline.
