UK manufacturers fear blackouts and job losses after energy subsidy cut

1 year ago 50

Impact of reduced state support with company power bills could prompt job cuts, warns industry body

Almost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as concerns grow about government plans to cut financial support for businesses.

As the chancellor, Jeremy Hunt, prepares to announce a sharp reduction in industry support, the trade body Make UK said the impact from sky-high energy costs on manufacturers showed no sign of abating.

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