Soaring energy costs 'putting one in ten factories at risk' as UK faces £85 BILLION hit

Soaring energy costs 'putting one in ten factories at risk' as UK faces £85 BILLION hit

More than one in ten factories could face closure if Britain’s sky-high electricity costs rise any further, manufacturers have warned. This would cause an £85billion hit to the economy, the report from trade body Make UK finds. The study revealed 90 per cent of the 124 companies questioned said energy bills had increased at least moderately since 2022, with 46 per cent seeing a “significant” rise. More than half said energy costs would be their …