Energy costs are major concern for UK manufacturers
14 June 2011
Rising energy costs are of a greater concern to manufacturers than labour costs, falling consumer spend and burden of regulation, according to a new survey by the Institution of Mechanical Engineers.
Institution of Mechanical Engineers President John Wood said:
“The UK is showing clear international leadership by moving forward with its transition to a low carbon economy, and this is going to mean higher energy costs for everybody.
“But manufacturers are worried, and Government needs to make sure it doesn’t force energy intensive industries out of the UK and into countries with more lax climate change targets. This is of benefit to neither the UK economy nor the environment.
“The Government needs to move forward quickly with its promises to mitigate the effect of ambitious climate change targets on energy intensive industries in the UK.”
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