UK manufacturers plan to increase reshoring to get better value and more security
Following the Autumn Statement, many manufacturing businesses may breathe a sigh of relief as the Finance Minister announced that he was making permanent the tax incentives for businesses to invest that he introduced earlier in the year. New data, sheds further light on the current business climate as UK manufacturers say it’s harder to do business now than during the pandemic, with 83% of manufacturers saying the past six months have presented significant challenges, citing interest rate increases (40%), upward pressure on wages (26%), and increasingly complex global supply chains (23%).As