UK Losing Shine as Competitive Base for Manufacturers – Survey

Britain is becoming less competitive as a base for manufacturers, according to a group representing the factory sector which warned the government against laying further costs on firms which make cars, chemicals and other goods in the UK.

EEF, which represents 5,000 firms engaged in manufacturing, engineering and technology, said 56 percent of respondents in a survey it commissioned viewed Britain as a competitive location for making goods, down from last year’s 70 percent level.

Britain’s economy has grown faster than those of most other rich countries over the past two years. But growth has been driven by the services sector and manufacturing has fallen short of the government’s hopes for an export-led recovery.

Reuters

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