Ineos Warns Budget Risks Accelerating Britain’s Industrial Decline - London Business News

Ineos warns Budget risks accelerating Britain’s industrial decline - London Business News

Britain’s industrial decline risks accelerating after the Budget failed to tackle crippling energy costs, Ineos has warned, as manufacturers accused the Government of undermining its pledge to rebuild the country’s… The post Ineos warns Budget risks accelerating Britain’s industrial decline appeared first on London Business News

Ineos slams Labour's budget as 'a major missed opportunity to save British manufacturing' in scathing attack

Labour's Budget risks accelerating Britain's industrial decline, chemicals giant Ineos warned, as manufacturers accused the Chancellor of failing to tackle sky-high energy prices. With winter approaching, John Healey announced a raft of measures, including £100 in energy support to more than 20 million homes. He will also extend a VAT cut on domestic electricity and axe standing charges on gas bills. For industry, he confirmed that the British I…

Budget misses opportunity to tackle crippling electricity costs for British steelmakers

UK Steel has expressed disappointment that today’s Budget failed to address the persistently high electricity costs facing British steelmakers, despite the industry putting forward a practical, costed solution that could transform its competitiveness for around £50 million a year. The omission represents a significant missed opportunity for the Government to deliver on its ambitions for […] The post Budget misses opportunity to tackle crippling …