The country’s manufacturers’ body has warned that up to 60% of UK factories are now at risk of shutting down due to rising electricity bills.
The Make UK group, which is tasked with representing manufacturers, said six out of ten factories in the UK are currently facing the possibility of closure due to the cost of rising electricity bills in the country.
The organization has now urged new prime minister Liz Truss to take “hard action” to save large parts of the industry it says are in “survival mode”.
According to an official survey, less than 60% of factories described rising energy costs as a threat to the future performance of their businesses, and more than 40% of respondents said they’ve seen their bills increase. 100 percent or more rolling.
Worse still, more than half of those surveyed said they expected their electricity bills to continue to rise.
“Government must step in to help struggling businesses, cash flow reaching the limit, to pay the currently very high energy bills, support sustainable power plants and move away from the National Grid,” said Stephen Phipson, CEO of the organisation. .
“As more manufacturers are now in survival mode and taking drastic measures like layoffs, the new government needs urgent action once they’re in number 10,” he continued.
Since then, Make UK has urged new Prime Minister Liz Truss to “take strong action” in her new government to assist manufacturing “at a time of unprecedented increases in energy bills, rising costs of raw materials and severe labor shortages to protect British prosperity”. . to be a leader of change on the global stage.”
Boris’s favorite Liz Truss promises ‘instant help’ with electricity bills but gives no details https://t.co/4A5z4Wf9n7
— Breitbart London (@BreitbartLondon) September 4, 2022
To that end, the producer organization is urging the Truss government to abolish the UK’s Carbon Price Support Scheme, an environmental energy tax aimed at compelling businesses to reduce their emissions, and to impose limits on energy prices in businesses.
Judging by the past actions of the so-called “Conservative Party” during his tenure in government, the first of these demands seems unlikely to be granted, as former Prime Minister Boris Johnson often puts his own interests first. Rather than solving the problems faced by ordinary Britons.
The former prime minister has urged the public to continue upholding Net Zero ideals, confident that her successor will most likely be Liz Truss, despite the huge energy bill challenges that a large part of the public is currently facing.
However, the UK’s recent request to limit electricity bills for businesses seems more likely given the Tory’s track record, as the new Truss government is already considering a plan to freeze energy prices for domestic consumers for up to two years.
An economic think tank has reportedly warned that such a move would be a “terrible idea”, but despite the fact that failing to do so could only result in categorical public disapproval, the British government may eventually have to implement it. pay. their electricity bill.
“You may be hoping to find something better for next winter, but it’s very difficult to find anything else to do this winter,” said a spokesperson for the Institute for Financial Research think tank.
Boris Johnson begs UK to continue pushing Net Zero green agenda despite energy crisis https://t.co/CeBTv0xk0z
— Breitbart London (@BreitbartLondon) 31 August 2022
Source: Breitbart
