Research issued by Barclays on 28th November has discovered that over a quarter of manufacturers think that energy supply is more of a concern to their business than they did at the beginning of 2016.

The research, Powering On: Energy Resilience in UK Manufacturing, revealed that just under 3 in 10 of the firms were predominantly worried about the effect of Brexit over the next few years. Overall, three-quarters of the manufacturers surveyed said that rising energy prices were a concern and almost 50%  stated they would be vulnerable  to the impact should there be more large  price increases.

Barclays’ Mike Rigby commented: “Our research shows that increasing [energy-saving] investment will not only protect the sector from future fluctuations in supply but will also benefit the wider economy by making the sector more internationally competitive through reduced costs and increased productivity.”

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