Tag: manufacturing

  • UK ‘turning a corner’ as manufacturing decline slows

    The UK’s manufacturing sector appears to have taken a potential turn as November witnessed a slight improvement, beating forecasts, and a slowing rate of decline. S&P Global’s Purchasing Managers’ Index (PMI) for the UK economy landed at 47.2, up from October’s 44.8. The PMI assesses the health of an economy’s services and manufacturing sector. Economists…

  • Badenoch unveils £4.5bn funding plan for British manufacturing

    A multibillion-pound funding package for key manufacturing sectors will drive growth and boost investment in the UK, ministers have said. Business Secretary Kemi Badenoch said the UK would not be drawn into a “distortive subsidy battle” as the government set out its plan to boost key sectors and nurture a “globally competitive” battery supply chain…