Today news
About the same in other media
‘Perfect storm’ for UK manufacturers as costs, credit and cash crunch looms
Reading now: 435
Britain’s manufacturers are facing a “perfect storm” crisis of rapidly rising costs and towering debts that many fear could push them over the brink, according to a new survey.
The leading industry trade body on Monday urged the government to introduce payment holidays on loans, warning that thousands of firms faced a “tipping point” that could make their business models unviable.
Make UK said the UK’s manufacturing sector was facing “an unprecedented combination of a post-Covid credit, cash and costs crunch”. It said the UK’s factories were struggling with the burden of repaying debts racked up to get them through the pandemic as well as grappling with a raft of other challenges from supply chain disruption to shortages of HGV drivers and
Read more on theguardian.comAbout this in other media
Gas crisis fuels call for UK to update energy security policy theguardian.com /3 years ago
Sergei Tikhanovskaya, the husband of Belarus opposition leader Svetlana, given 18-year jail term euronews.com /3 years ago
Eastern Caribbean CBDC expands to another two territories cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
