Posted 1/8/2024, 12:01:39 AM
UK Manufacturing Competitiveness Rises but Uncertainty Persists
- Manufacturers believe UK is increasing competitiveness as global manufacturing hub, though high costs and instability persist
- Majority say UK more competitive than year ago; gaining on countries like Germany, France, Spain, Italy
- Optimism rising amid easing inflation, prospect of interest rate cuts, more stable policy environment
- Brexit seen as damaging competitiveness of economy by UK exporters
- Separate research shows optimism increasing among finance chiefs of large UK companies