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 update, higher on the session. The USD is mostly lower against the majors:
