Feature

What does the Autumn Budget mean for the manufacturing industry?

On 17 November, UK Chancellor Jeremy Hunt announced the Autumn Budget, outlining the Government’s plans to tackle the energy crisis, boost innovation, and ensure business survival. As another year ends, let’s take a look at how this will affect the manufacturing industry.

30/11/2022 16:59:00

Energy policy
As an early Christmas present to us all, the Government has announced that, from April 2023, energy bills will increase to a whopping £3,000 a year. (If ever there were a time for the Ghosts of Christmas Past, Present and Future to make an appearance, it’s definitely now!)

In all seriousness though, this will drive an unprecedented number of households into fuel poverty. According to Make UK, it also threatens the UK’s economic competitiveness, as we fall behind other countries who enjoy lower costs and greater stability.

Read the full article in DPA's December issue

Written By Sophia Bell

Sophia Bell is the Group Editor of DPA, Connectivity, and PBSI. She joined the team in 2020 as Assistant Editor after achieving a First-Class Honours BA in English Literature and Film Studies from the University of East Anglia. In her current role, she leads the editorial strategy, driving digital growth and ensuring each title continues to deliver trusted, relevant insight for engineering and manufacturing professionals.