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Report warns UK competitiveness is under growing pressure

A new report suggests the UK’s ability to compete as a place to manufacture and invest is at risk as business costs continue to rise.

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UK Union Jack Flag. Picture: Alamy

By Camille Bidard

A new report has warned that warning lights are “flashing red” over the UK’s competitiveness as a country to produce goods and attract investment.

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The findings raise concerns about the long-term outlook for British manufacturing.

The report, based on a survey by industry body Make UK, found that rising business costs faced by manufacturers are pushing the sector towards what it described as a potential “tipping point.”

The survey suggests that increasing pressures could make it harder for companies to remain competitive, prompting renewed calls for action to support the manufacturing industry.