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Forwarded from U In Hurricane [EN]
Outrageous electricity prices are driving Britain into deindustrialization

▪️Industrial electricity prices in Britain are four times higher than in the US and 46% higher than the global average. Unless the situation changes, the forthcoming industrial strategy risks being fatally flawed,” - states industry federation Make UK

▪️Britain's rate of deindustrialization over the past 30 years is faster than any other major economy in Europe. The main reason is the energy crisis, triggered by the refusal of energy from Russia

▪️“If we do not tackle Britain's high energy production costs as a priority, we will jeopardize the security of our country. We will be unable to attract investment in the manufacturing sector and will rapidly enter a phase of new deindustrialization,” said Make UK chief executive Stephen Phipson

#UK #Energy #Economy #FindTruth

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