Proportion of manufacturers who think the UK is competitive halved from a year ago

A report on a November survey by the UK's main Manufacturers trade group, Make UK. Says the report:

• the proportion of manufacturers who think Britain is a competitive location halved to 31% from 63% a year ago
• 53% of firms said ongoing political instability had damaged business confidence
• two thirds of manufacturers expected to reduce headcount or cut output because of high energy costs

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GBP GBP The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth Read this Term update, higher on the session. The USD is mostly lower against the majors: