Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli PM Office: Netanyahu has ordered that the Rafah crossing will not open until further notice.
Ambrey: Cameroon-flagged tanker issues distress call following explosion abroad, approximately 60NM south of Yemen's Ahwar.
Araghchi: Iran adopted a constructive approach in its engagement to ensure the European Union and the E3 fully honored their commitments and lifted all sanctions.
Araghchi: After a year of Iran’s full compliance with the agreement, it began implementing gradual, proportionate, and reversible compensatory steps in accordance with its recognized rights under the deal.
Araghchi: Iran demonstrated the utmost restraint in the face of repeated and fundamental violations and made extensive efforts to restore balance and preserve the agreement.
In his letter, Araghchi stated: The E3 failed to fulfill their obligations and instead imposed additional illegal sanctions on Iranian individuals and institutions.
Araghchi: These coercive measures constituted a grave violation of international law and the UN Charter, causing severe disruption in the implementation of the agreement.
Araghchi: Washington initially refrained from fulfilling its commitments, then withdrew from the agreement, reimposed its illegal and unilateral sanctions, and even expanded them.
Araghchi: UN Security Council Resolution 2231 has expired and fully ceased to be in effect as of today, in accordance with its explicit provisions.
Iranian Foreign Ministry: Reimposing sanctions on Iran is illegal

UK businesses no longer as attractive to foreign investors: Poll

  • By Al Mayadeen English
  • Source: Agencies
  • 9 Jan 2023 16:48
3 Min Read

S&P Global business surveys show that British manufacturers have suffered an extreme downturn in December.

  • x
  • UK manufacturing is losing its attraction to investors (Constant Manufacturing)
    UK manufacturing is losing its attraction to investors (Constant Manufacturing)

Foreign investors are beginning to lose interest in UK manufacturers due to skyrocketing energy prices and political turmoil, according to manufacturers in an industry survey published on Monday.

The percentage of manufacturers who believe the UK is still a competitive region plunged to 31% from 63% a year ago, and 43% believed that Britain is now less attractive to foreign investors, per a survey conducted by Make UK, the main trade body for British manufacturers, and accountants PwC (Price Waterhouse Cooper), in November. 

Back in November when former PM Liz Truss took over, political turmoil and financial troubles were widespread in the UK, and 53% of companies stated that political instability destroyed business confidence.

Read more: UK recession gravely affecting cost-of-living, extends throughout 2023

However, this week, Finance Minister Jeremy Hunt is supposed to outline a plan to scale back energy subsidies for businesses. According to Make UK, these plans will potentially exacerbate job cuts and productions that are already at risk. 

Related News

UK gov't borrows more in February with highest debt since 1960s

Jeremy Hunt under fire for high-carbon choice of transport for meeting

If done, the cost of support will drop by 85% during the next financial year, which would limit the cost to 5 billion pounds ($6 billion), according to the Daily Telegraph.

Constant uncertainty

S&P Global business surveys show that British manufacturers suffered an extreme downturn in December compared to other fellow Group of Seven (G7) nations.

Stephen Phipson, chief executive of Make UK, expressed that "The year ahead is going to be very challenging for manufacturers with a potent mix of factors testing their resolve," adding: "Ongoing supply chain disruption, access to labor and high transport costs which show no sign of abating can be added to a growing sense of economic and political uncertainty in their main markets."

A significant risk exists according to Phipson, whereby manufacturers will "fall through the cracks" if the government fails to provide generous energy bill support that other competitors and nations have in place.

Back in November, UK Treasury officials stated that UK Prime Minister Rishi Sunak plans to hike taxes to overcome a 50 billion pound ($57.5 billion) deficit in public finances. The government's medium-term financial strategy "to put public expenditure on a sustainable foundation, get debt reducing, and restore stability" is anticipated.

Workers across the economy are at odds with the government, demanding large wage raises to cope with decades-high inflation, which is presently running at about 11%. Due to the long-term inflationary consequences of the pandemic and turmoil in Ukraine, the UK will, according to a Financial Times report, experience one of the longest recessions and the worst recoveries among G7 economies throughout 2023.

  • Jeremy Hunt
  • economy
  • Britain
  • G7
  • UK
  • investment

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Iraqi religious leader Sheikh Jawad al-Khalisi on Al Mayadeen Plus, October 18, 2025 (Screengrab)
Politics

Most powerful decision-maker in Iraq is US: Sheikh Al-Khalisi

Flags of Iran, Russia, and China (IRNA)
Politics

Iran, Russia, China confirm: Iran nuclear issue out of UNSC

Member of the Loyalty to the Resistance bloc Ali Fayyad speaks to Al Mayadeen, October 18, 2025 (Screengrab)
Politics

Hezbollah, allies will reject direct talks with 'Israel': MP Fayyad

The bodies of killed Palestinians held by "Israel" during the war are downloaded from Red Cross vehicles after their release, at the Nasser Hospital in Khan Younis, southern Gaza Strip, Oct. 15, 2025. (AP)
Politics

From rubble to graveyards, Gaza continues recovering its martyrs

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS