UK ceramics firms reported to pay £875mln p.a. in energy costs
The Nottingham Trent University analysis also states the figure has risen by more than £330mln since 2020.
The Labour Party conference in Liverpool, UK, is expected to hear the Nottingham Trent University analysis, which suggests UK ceramics firms spend 70% of turnover on energy costs, and 14% on government and regulatory levies. Turnover of UK ceramics firms is around £1.25bln.
Equivalent Chinese or US ceramics manufacturer, using the same amount of electricity, would be paying approximately the same as what UK businesses were paying five years ago, and around 50% less than currently, according to Nottingham Trent.
In this context, GMB Union is expected to demand greater support for manufacturers and measures to lower energy prices at the conference.
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