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Manufacturer

  • Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’

    October 22, 2025

    The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]

  • JCB billionaire banks record £866m pay day

    October 3, 2025

    The billionaire Bamford family paid themselves £866m despite JCB’s sales and profit being slashed in 2024, it has been revealed. The Staffordshire-headquartered manufacturer issued the huge dividend which was up significantly from the £300m it paid out in 2023. The dividend total from 2023 had previously been JCB’s largest pay out in a decade until [...]

  • Manufacturing recovery collapses amid spiralling costs

    September 1, 2025

    Manufacturing output hit a three-month low in August, a new survey has suggested, after early signs in the summer indicated the sector was on a path to recovery.  The Labour government is determined to deliver higher growth, with strategy papers outlining plans to boost production across the UK by lowering energy costs.  But new purchasing [...]

  • Business confidence edges up despite tax raid fears

    August 29, 2025

    Business confidence has grown for the fourth consecutive month, according to a fresh survey, despite rising speculation of a fresh tax raid on businesses by the Labour government. Lloyds Bank’s business confidence index edged up two points to 54 per cent in August as sentiment among manufacturers climbed to its highest in a decade. The [...]

  • Rolls-Royce shares hit yet another record high

    August 4, 2025

    Shares in FTSE 100 giant Rolls-Royce have hit yet another all-time high, giving the company a £90bn valuation for the first time in its history. Shares in the Derby-headquartered group are changing hands for a new record of around 1,090p this morning after rising by over two per cent in early trades. The increase means [...]

  • Biggest manufacturers expected to pay £685m more in tax

    June 30, 2025

    Manufacturers across the UK will have to cough up £685m more in new property taxes next year, new research has suggested, adding costs to several businesses which are struggling to boost output and already cutting back on headcounts.  The government last week said it was ready to address high electricity prices for up to 7,000 [...]

  • Manufacturers falter as Reeves urged to fast-track growth policies

    June 24, 2025

    Manufacturing output continues to slump, according to the UK’s largest industry body, as bosses are urging Chancellor Reeves to back up training and technology policies with “short-term delivery”.  The UK government set out its long-awaited industrial strategy earlier this week where it listed areas of the economy which had greatest potential for growth, including advanced [...]

  • UK services sector in ‘fragile recovery’ as employment fears linger

    June 23, 2025

    The UK services sector expanded in June, despite tax hikes and a drop in employment across the UK economy, new figures have suggested.  The double whammy of President Trump’s tariffs and Chancellor Reeves’ tax increases in April lowered confidence levels among businesses, with official data showing the UK economy contracted by as much as 0.3 [...]

  • UK manufacturers look East as production hopes rise

    June 16, 2025

    UK manufacturers are ditching President Trump’s United States and looking to find trading partners in Asia and the Middle East, according to a leading industry body.  The US has fallen out of the top three preferred regions as a growth market for UK manufacturers, the first time since surveys started eleven years ago, Make UK [...]

  • Reeves mulls taxpayer-funded subsidy to cut manufacturers’ energy costs

    June 8, 2025

    Rachel Reeves is looking at plans for a £1bn taxpayer-funded annual subsidy to bring down the energy costs for manufacturers after warnings the UK faced “rapid deindustrialisation” without intervention. The Chancellor is facing mounting pressure to lower energy costs for industry with fears high prices are holding back investment opportunities and stifling the country’s competitiveness. [...]

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