Manufacturers warn Britain becoming less attractive to investors

London

According to a recently released industry report, manufacturers surveyed stated that the UK has become less attractive and less competitive to overseas investors. The reason for Britain’s lessening appeal was said to be due to recent political upheaval and soaring energy costs.

The number of manufacturers who believe that the UK is a competitive location has fallen to 31 per cent from 63 per cent in just a year, and 43 per cent said that Britain was now less attractive to investors from abroad, according to the new research.

Foreign investors often seek out lucrative investment opportunities in the UK, but this approach works both ways and Britons can also find profitable options abroad. UK consumers curious about investment opportunities further afield can seek out expert financial advice in Shropshire, Staffordshire and other counties. Wealth managers can be relied upon to provide unbiased advice on investments and explain the risk and return involved in simple language.

The research surveyed 235 different businesses between November 1 to November 22 last year, when Liz Truss’s brief run as Prime Minister was at the forefront of many people’s minds. As a result, 53 per cent of firms cited ongoing political instability as a cause of the damage to business confidence.

Additionally, the survey also occurred when two thirds of British manufacturing firms expected to cut output or reduce headcount due to rocketing energy costs. The UK government now plans to scale back current energy subsidies for enterprises. This will result in the cost of support falling by 85 per cent over the next financial year.

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