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Catherine McBride: UK manufacturing costs set to rise with energy and material price increases

Catherine McBride: UK manufacturing costs set to rise with energy and material price increases
Energy and material costs may raise UK expenses

Catherine McBride stated that, in order to export goods, UK companies must first produce them at internationally competitive prices.

She argued that policy changes described as the #Reset will increase the cost of UK manufacturing by raising UK energy and import material costs and will not lead to increased UK exports.

McBride has previously criticized estimates on the economic impact of the so-called EU Reset, labeling claims of a £9 billion to £150 billion boost to the UK economy as exaggerated in an earlier analysis. She has also questioned whether the UK might forfeit a £28 billion industry to achieve relatively minor reductions in supermarket import costs, according to another recent commentary. These comments reflect her ongoing skepticism toward policies she views as increasing costs for British producers.

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