The Guardian15 Jun 2026Macro
Automatically composed with AI from the cited sources
One in four UK manufacturers surveyed by Make UK have either already moved production overseas or plan to do so, and one in ten rate insolvency within 12 months as likely or very likely. The trade body reports 46% of members absorbed a further energy-bill increase since the Middle East conflict began, with 98% expecting a significant profit squeeze despite passing costs on to customers. Make UK is asking the Treasury to shift the £3 bn of network and carbon levies from industrial bills to general taxation, arguing the British industrial competitiveness scheme due in April 2027 will arrive too late for many firms.