Budget 2014: Manufacturers welcome £7bn support package

MANUFACTURERS have congratulated the Chancellor for delivering on his promise and creating a package of measures designed to cut costs and boost output.

Mr Osborne said if the UK manufacturing sector was to be sustained then it should look to the United States for inspiration, where energy costs are half what they are in the UK.

Last month manufacturers called on the Chancellor to use the Budget to combat rising industrial energy prices, amidst fears that escalating prices were potentially diverting investment... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...