Soaring energy costs 'putting one in ten factories at risk' as UK faces £85 BILLION hit to economy
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Soaring energy costs 'putting one in ten factories at risk' as UK faces £85 BILLION hit to economy.
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More than one in ten factories could face closure if Britain's sky-high electricity costs rise any further, manufacturers have warned.
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This would cause an £85billion hit to the economy, the report from trade body Make UK finds.
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The study revealed 90 per cent of the 124 companies questioned said energy bills had increased at least moderately since 2022, with 46 per cent seeing a "significant" rise.
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More than half said energy costs would be their biggest challenge over the coming years.
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