London Daily

Focus on the big picture.
Monday, Mar 20, 2023

UK manufacturers expect output to fall 3.2% in 2023

UK manufacturers expect output to fall 3.2% in 2023

British manufacturers expect output to fall by 3.2% next year after a 4.4% decline in 2022, as they are hit by rising raw material prices and borrowing costs and a slide in consumer demand, a trade body said on Monday.
"There is simply no sugar-coating the outlook for next year and possibly beyond," said Stephen Phipson, chief executive of Make UK. "These are remarkably challenging times which are testing even the best and most successful of companies to the limit."

Make UK welcomed recent government support, which includes 18 billion pounds ($22 billion) of energy bill subsidies for businesses across the economy as a whole, but warned that more may be needed soon. The energy subsidies stop at the end of March.

"The bigger issue is that the UK risks sleepwalking into an acceptance that little or no growth is the norm. Government needs to work with industry as a matter of urgency to deliver a long-term industrial strategy," Phipson said.

The trade body said it wanted a temporary relaxation of immigration controls, lower property taxes and greater tax incentives for training and investment.

Make UK, which says it represents 20,000 companies ranging in size from start-ups to multinationals, forecasts the broader economy will shrink 0.9% next year, less than the 1.4% decline forecast by the government's Office for Budget Responsibility last month.

The most recent official data shows that manufacturing output in September was 5.8% lower than a year earlier.

Make UK said the scale of the fall in output that it was estimating for 2022 partly reflected an unusually strong performance in 2021, when there was a bounce back in demand after the pandemic.

($1 = 0.8148 pounds)
Newsletter

Related Articles

London Daily
Close
0:00
0:00
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
You're Beautiful - James Blunt (Boyce Avenue acoustic cover)
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
You Are So Beautiful
Paris Rioting vs Macron anti democratic law
Postmodern Jukebox European Tour Version
'Sexual Fantasy' Assignment At US School Outrages Parents
An old French tune (by Georges Brassens) Pomplamoose ft. John Schroeder
Orbán Viktor: the restructuring of the power relations in the whole of Europe is taking place
Sattahip Motor Show 20
Credit Suisse to borrow $54 billion from Swiss central bank
SONATE AU CLAIR DE LUNE - Moonlight sonata
The BBC problem about China
A kiss to build a dream on
Strikes-Hit UK Pledges 94 Billion Euros In Cost-Of-Living Budget
Wiz Khalifa - See You Again ft. Charlie Puth, Furious
Russian Hackers Preparing New Cyber Assault Against Ukraine
Wonderful Tonight - Eric Clapton (Boyce Avenue acoustic cover)
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
Mean Blues
UK face biggest fall in spending power for 70 years
La Chansonnette
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
Pattaya Addicts
If this was in Tehran, Moscow or Hong Kong
Franz Liszt - Liebestraum - Love Dream
Announcing GPT-4
Dream a little dream of me
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Tu Vuo' Fa' L'Americano - Hetty & the Jazzato Band
Drew Barrymore
Unchained Melody sung like you've NEVER heard!
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
Dave Brubeck - Take Five
A brief banking situation report
Édith Piaf - Non, Je Ne Regrette Rien (Sofie)
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Rondo Alla Turca
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Kiss of fire
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Ed Sheeran - Perfect (Amadeus violin cover instrumental)
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Tom Jones - I´ll Never Fall In Love Again 1967, 1989, 2001
Silicon Valley Bank exec was Lehman Brothers CFO
Israel Cachao López - Guajira Clásica
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
Edward Maya - Stereo Love (feat. Vika Jigulina) (Extended Mix)
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
Strauss - Radetzky March - Karajan
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
La vie en rose
A Mississippian man, who was once considered a “ticking time bomb,” has lost a whopping 165 kilograms! What motivated this incredible transformation?
Despacito (Piano Cover) - Peter Bence
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Temptations - My Girl (Smokey Robinson Tribute) 2006 Kennedy Cent
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Orlando Cachaito Lopez Redencion
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Edith Piaf - NON, JE NE REGRETTE RIEN
Fitness scam
RADETZKY MARCH-2008-Wien, New Year Concert
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Only you (And you alone)
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Beautiful in White x Canon in D (Piano Cover by Riyandi Kusuma)
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Strangers In The Night
Banking regulators close SVB, the largest bank failure since the financial crisis
Charles Aznavour - La Boheme
Watch: “They are wounded but unbowed, unbreakable.”
Summer time
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
Sting and Stevie Wonder - Fragile (from Sting's 60th birthday concert)
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Aux Champs Elysees
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Stand By Me - Ben E. King (Boyce Avenue acoustic cover)
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
La Mer (Beyond the Sea) – Avalon Jazz Band
Motorist fined £650 after council ‘paints disabled bay around his car
She
Brexit Deal Falls Short: UK Regains Few Pre-Brexit Benefits
Nathalie Song by Enzo Petrachi Stjepan Hauser Cello
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Shape of My Heart - Sting (Boyce Avenue acoustic cover)
Brexit is done (sort of), again
Radiohead - Creep
JP Morgan Becomes First Bank to Predict UK Will Avoid Recession
Quizás,Quizás,Quizás - Andrea Bocelli - Jennifer Lopez
JP Morgan Becomes First Bank to Predict UK Will Avoid Recession
Perhaps, Perhaps, Perhaps - Multi-Couples
JPMorgan has become the first City of London forecaster to predict that Britain will stay out of recession in 2023
Pentatonix Havana
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
Paula Cole - Autumn Leaves
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Oscar Benton Bensonhurst Blues
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
OH NANANA vs ABUSADAMENTE
Nina Simone - ”I Put A Spell On You”. Vezi aici cum cântă Jeremy Ragsd
NIGHTWISH - The Phantom Of The Opera
Motorshow 2016 Tanjay Negros Oriental
Monica Bellucci - Ti Amo
Michael Jackson - Billie Jean Milena The Voice France 2018
Michael Buble (Help Me Make It Through The Night) feat Loren Allred
Memories Canon In D - Maroon 5 (Boyce Avenue piano acoustic cover)
Matteo Simoni - Marina
Maroon 5 - One More Night
Maroon 5 - Memories
Mark Knopfler - Brothers In Arms (Berlin 2007 Live)
Mark Knopfler & Emmylou Harris - Romeo And Juliet (Real Live Roadrunni
Marina, Marina - The LUCKY DUCKIES intimist live concert at Guimarães
Major Lazer & DJ Snake – Lean On Mauranne The Voice France 2016
Love Theme from Romeo and Juliet - Joslin - Henri Mancini, Nino Rota
LoLa & Hauser - Love Story
Linkin Park Jay-Z - Numb Encore (Live 8 2005)
Hallelujah Mennel Ibtissem, The Voice France Leonard Cohen
Leonard Cohen - Dance Me to the End of Love
Leonard Cohen & Natasha Rostova - Dance me to the end of love
La casa de papel - Bella Ciao
La Camisa Negra
L'italiano (Toto Cutugno) - The Gypsy Queens
Juanes - La Camisa Negra
Jonathan and Charlotte - Britain's Got Talent 2012 Live Semi Final - U
John Powell - Assassin's Tango
Joe Cocker - You Can Leave Your Hat On (LIVE in Dortmund)
Joe Cocker - Unchain My Heart 2002 Live
Joe Cocker - A Whiter Shade Of Pale
Jay Z & Alicia Keys - Empire State of Mind LIVE
Jason Mraz - Im Yours (live)
Jarrod Radnich - Bohemian Rhapsody - Virtuosic Piano Solo
James Blunt - You're Beautiful
James Blunt - You're Beautiful & Bonfire Heart (Live at The Nobel Peac)
If You Go Away - Helen Merrill & Stan Getz (Tribute to Virna Lisi)
I'LL BE MISSING YOU
I Say a Little Prayer
Hotel California ( Eagles ) 1994 Live
Historia de un amor - Luz Casal. Vezi interpretarea Biancăi Sumanariu
Here Comes The Sun - The Beatles (Boyce Avenue acoustic cover) on Spot
Heart - Stairway to Heaven Led Zeppelin - Kennedy Center Honors
HAVANA by Camila Cabello Zumba Pre Cooldown TML Crew Kramer Pastra
HAUSER and Señorita - I Will Always Love You
HAUSER - Waka Waka
HAUSER - Sway
HAUSER - Lambada
HAUSER - Historia de un Amor
HAUSER - Despacito
Great Pretender
Georgia May Foote & Giovanni Pernice Samba to 'Volare' - Strictly Come
Gary Moore - Still Got The Blues
GIPSY KINGS VOLARE Penelope Cruz
Fugees - Killing Me Softly With His Song
French Latino - Historia de un Amor
For A Few Dollars More The Danish National Symphony Orchestra (Live)
Flashdance • What a Feeling • Irene Cara
Filip Rudan - “Someone You Loved” Audicija 4 The Voice Hrvatska Sez
Eric Clapton - Wonderful Tonight
Enya - Only Time
Enrique Iglesias - Bailando (English Version) ft. Sean Paul
Enrique Iglesias - Bailamos
Elena Yerevan Historia de un amor
Ed Sheeran - Shape of You (Official Music Video)
Ed Sheeran - Perfect Symphony [with Andrea Bocelli]
Ed Sheeran - Perfect (Official Music Video)
Easy On Me - Adele (Boyce Avenue 90’s style piano acoustic cover) on S
ERA - Ameno
ELENA YEREVAN- Cancion Del Mariachi-IN STUDIO-2017 DPR
Dust In The Wind - Kansas (Boyce Avenue acoustic cover)
Don't Let Me Be Misunderstood
Despacito x Shape Of You - Pentatonix
Deep Purple - Child In Time - Live (1970)
David Foster When A Man Loves A WomanIt's A Mans World (SealMichael Bo
Dance me to the end of Love ( Pi-Air Design )
Coolio - Gangsta's Paradise (feat. L.V.) [Official Music Video]
Conquest Of Paradise (Vangelis), played on Böhm Emporio organ
Cielito Lindo
Chico & The Gypsies - Bamboleo
Canción Del Mariachi - Antonio Banderas, Los Lobos • Desperado
Camila Cabello - Havana (Audio) ft. Young Thug
Camila Cabello - Havana ( cover by J.Fla )
California Dreamin' - The Mamas & The Papas José Feliciano (Boyce Ave
Buster Benton - Money Is The Name of The Game
Hallelujah Pentatonix
Bobby McFerrin - Don't Worry Be Happy (Official Music Video)
Bob Dylan - Knockin' On Heaven's Door Emilia The Voice Kids France
Besame Mucho - Cesaria Evora
Ben E. King - Stand by Me Sax Cover Alexandra Ilieva Thomann
Bella Ciao
Bella Ciao - INSTRUMENTAL
Beautiful in White x Canon in D (Piano Cover by Riyandi Kusuma)
Bad Romance - Vintage 1920's Gatsby Style Lady Gaga Cover ft. Ariana Savalas & Sarah Reich(1)
BELLA CIAO 2020 - KARAOKE ITALIANO
BAMBOLEO - Gipsy Kings • Antonio Banderas, Katya Virshilas
BAILANDO (original)
Awesome Ukrainian yodeler - SOFIA SHKIDCHENKO (with English subtitles)
Avicii - The Nights
Atom - The Great Gig in the Sky
Aretha Franklin - (You Make Me Feel Like) A Natural Woman (Official Ly
Antonio Banderas - Cancion del Mariachi (Desperado)
André Rieu - Zorba's Dance (Sirtaki)
André Rieu - Can't Help Falling In Love
André Rieu & Mirusia - Ave Maria
Andrew Reyes Elton John - Don't Let The Sun Go Down The Voice 2020 (
Andreas Kümmert Whiter Shade Of Pale The Voice of Germany 2013 Showd
And I Love You So
All About That Bass - Postmodern Jukebox European Tour Version
Alan Walker - Faded (Piano Cover)
Ain't No Sunshine -- Bill Withers (cover by Canen 12 y.o.)
African music
Adriana Vidović - “Creep” Audicija 4 The Voice Hrvatska Sezona 3
Adriana Vidović - “Believer” Nokaut 3 The Voice Hrvatska Sezona 3
A Fistful of Dollars - The Danish National Symphony Orchestra and Tuva
4 Beautiful Soundtracks Relaxing Piano [10min]
2CELLOS - Whole Lotta Love vs. Beethoven 5th Symphony [OFFICIAL VIDEO]
2CELLOS - Smooth Criminal (Live at Suntory Hall, Tokyo)
2CELLOS - Smells Like Teen Spirit [Live at Sydney Opera House]
2CELLOS - Despacito [OFFICIAL VIDEO]
13 Year Old Girl Playing Il Silenzio (The Silence) - André Rieu
094.All About That Bass
00 - SADNESS PART 1
(Ghost) Riders In the Sky (American Outlaws Live at Nassau Coliseum, 1
(Everything I Do) I Do It For You - Bryan Adams (Boyce Avenue ft. Conn
What a wonderful world
Moon river
×