finance
UK manufacturers report factory closures due to energy costs
A June 2026 survey by Make UK and the Trades Union Congress found that British manufacturers face energy prices about 90 percent above the IEA-country median. The groups said companies are delaying investment, cutting jobs, and considering relocation unless the government expands relief measures.
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UK manufacturers face energy prices roughly 90 percent above the IEA-country median, according to a June 2026 survey by Make UK and the Trades Union Congress. The survey said high natural gas dependence, limited storage capacity, costly grid upgrades, and carbon-related levies have driven bills higher. Companies have responded by delaying investment, cutting jobs, and considering moves overseas.
TUC stated that Britain faces an imminent risk of industrial collapse without immediate financial relief. They warned that some firms already face insolvency. Government support schemes exist for energy-intensive industries, but the groups said these measures do not close the structural gap with energy costs in Europe and Asia.
The survey concluded that without expanded relief, the UK risks a wave of deindustrialization and factory closures.
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