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INSANE: 2 | Vintage Vibes

CBI ‘at risk of insolvency’ as it races to secure merger with Make UK

Scandal-hit group says it has sought advice on restructuring, amid reports it is within weeks of running out of cash

The Guardian - UK

Share of EU trade for English and Welsh factories falls despite global trade boom

Make UK report says post-Brexit structural shift in trade is particularly hurting factories in north-west and West Midlands

The Guardian - UK

CBI frozen out of meetings with other leading UK business lobby groups

Efforts to regain place at intersection of business and government after scandal hampered by refusals to engage

The Guardian - UK

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The UK needs a new industrial strategy or it will lose the global green subsidy race

UK businesses have criticised the government for the lack of a clear industrial policy. Industry body Make UK has warned the country “risks being squeezed” by US and EU green subsidy packages.

The Conversation

The UK has a PR plan masquerading as an industrial strategy

Britain says it has no need for Biden-style green subsidies as it has a thriving renewables sector. The complacency is staggering

The Guardian - UK

Companies are saying the UK is 'closed for business' - here's how it can become more open

Tech sector complaints about the difficulties of doing business in the UK have been repeated more recently by the manufacturing sector. A decade of “flip-flopping” by the government has left the UK without an industrial strategy, according to Make UK, which represents industrial and manufacturing employers.

The Conversation

UK must renew industrial strategy and stop ‘flip flopping’, say manufacturers

Make UK warns British firms risk losing out, as Joe Biden’s Inflation Reduction Act sucks up investment

The Guardian - UK

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North East manufacturing set to shrink this year but outlook improves

The Manufacturing Outlook survey from Make UK and accountancy firm BDO shows a marked pick-up in early 2023

Birmingham Post

Recession fears ease in manufacturing, but growth remains elusive, Make UK and BDO say

Report says it's 'far too early to say the worst has passed'

Insider UK

Recession fears ease in manufacturing, but growth remains elusive – report

Firms have seen a rebound in the first quarter, according to BDO research.

The Independent UK

‘No strategy’: West Yorkshire firms hope the budget supports industry

Business leaders looking for industrial plan of action from government amid uncertainty over the economy

The Guardian - UK

Rishi Sunak must ‘reset’ trading relationship with EU, say manufacturing chiefs

European firms have gone cold on doing business in UK, survey finds

The Independent UK

Markets rocked as Jerome Powell warns Fed could switch back to bigger interest rate rises –as it happened

Federal Reserve chair says US central bank would be prepared to increase the pace of rate hikes if data justified it

The Guardian - UK

Brexit: EU suppliers wary about doing business in UK, warn manufacturers

Trade body Make UK adds to pressure on Rishi Sunak as it calls for reset of relationships with Europe

The Guardian - UK

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The Independent UK

Businesses locked into costly years-long energy contracts left without much help, MPs told

‘You’ve got lots of businesses that are locked in at very high rates,’ UKHospitality’s chief executive said.

The Guardian - UK

UK manufacturers fear blackouts and job losses after energy subsidy cut

Impact of reduced state support with company power bills could prompt job cuts, warns industry body

The Independent UK

Manufacturers fear energy cost and political turmoil will continue to hit output

More than half of the 200 firms surveyed warned that on-going political instability was damaging business confidence.

The Guardian - UK

Fears for UK economy after manufacturing sector shrinks by 4%

Industry body Make UK says ‘no sugar-coating poor outlook’ for next year and ‘possibly beyond’

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Birmingham Post

North East economy stabilises - but at low level, survey suggests

Second report out today highlights concerns from manufacturing companies for the coming year, however

The Independent UK

Toll of cyber-crime on businesses revealed in new research

One in five of 150 companies surveyed by manufacturers organisation Make UK reported substantial financial loss.

The Guardian - UK

Zero-Covid policy is costing China its role as the world’s workshop

Beijing’s endless lockdowns are causing shortages for western firms such as Apple, and it may not be long before they move their supply chains elsewhere

The Independent UK

Companies ‘desperate’ to recruit technical engineers and data experts – report

Manufacturers are competing with top City banks and leading innovation companies to hire workers with digital and technical skills, study finds

Birmingham Post

'Decisive action, clarity and simplification' or 'smoke and mirrors': North West business leaders share views ahead of mini-Budget

Leaders from across the region have had their say

Birmingham Post

Manufacturers plead for help as growth forecasts are slashed for next year

Make UK has downgraded its forecasts for next year and called for action in this week's Government 'fiscal event'

Wales Online

Energy crisis may force manufacturers to close – study

New research emphasises stress among companies

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