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Manufacturers increasingly concerned by energy supply

Manufacturers increasingly concerned by energy supply


A new survey by Barclays has found that over a quarter of manufacturers regard energy supply as more of a concern to their businesses now than they did at the start of the year. Issued on Monday 28 November, Powering On: Energy Resilience in UK Manufacturing said that just under three in 10 of these firms were particularly worried about the impact of Brexit over the coming years. Overall, three quarters of the firms surveyed cited rising energy prices as a concern and almost half said that they would be vulnerable to the impacts of significant price increases. Barclays’ Mike Rigby said: “Our research shows that increasing [energy-saving] investment will not only protect the sector from future fluctuations in supply, but will also benefit the wider economy by making the sector more internationally competitive through reduced costs and increased productivity.”