"UK businesses face some of the highest electricity costs in Europe, a situation that has worsened following the recent surge in global gas prices linked to geopolitical tensions in the Middle East."
"The report estimates that UK workers have 38 per cent fewer tools at their disposal than their counterparts in other advanced economies, rising to 47 per cent in manufacturing sectors."
British companies' domestic investment is at 11.1% of GDP in 2023, the second-lowest in the G7. Japan leads with 18.2%, while the UK has consistently underperformed since the global financial crisis. This chronic underinvestment has limited productivity growth, with UK workers having 38% fewer tools than peers in advanced economies. High energy prices, exacerbated by global gas price surges, are a significant barrier to investment, creating a 'double squeeze' on businesses.
Read at Business Matters
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