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‘Perfect storm’ for UK manufacturers as costs, credit and cash crunch looms
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Britain’s manufacturers are facing a “perfect storm” crisis of rapidly rising costs and towering debts that many fear could push them over the brink, according to a new survey.
The leading industry trade body on Monday urged the government to introduce payment holidays on loans, warning that thousands of firms faced a “tipping point” that could make their business models unviable.
Make UK said the UK’s manufacturing sector was facing “an unprecedented combination of a post-Covid credit, cash and
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