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UK Manufacturing Crisis: Soaring Energy Prices Threaten Industry

6/3/2025

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Summary

Story summary

The UK’s manufacturing sector is struggling, recording the lowest PMI in Europe at 48.3, largely due to soaring energy prices. With industrial electricity costs 50% higher than Germany and France, and a staggering four times that of the US, Sir Keir Starmer is under intense pressure to act swiftly to avert de-industrialization.

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Story summary

The UK’s manufacturing sector is struggling, recording the lowest PMI in Europe at 48.3, largely due to soaring energy prices. With industrial electricity costs 50% higher than Germany and France, and a staggering four times that of the US, Sir Keir Starmer is under intense pressure to act swiftly to avert de-industrialization.