Summary
Industry leaders fear an accelerating switch of manufacturing away from Britain because of high taxes and a loss of an historical low cost advantage, the Government will be warned today.
A leading industrialist will tell the Chancellor that the increasing costs of doing business in the UK are fuelling the drive to look for cheaper locations. Mike Baunton, president of the Engineering Employers Federation, will warn of the 'escalating' cost of energy, partly through moves to cut emissions of greenhouse gases.See the full content of this document
Extract
Cheap Costs 'Killing Uk Industry'
He will tell the EEF's...
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