Energy Pricing Firms Out of Britain Uk's Business Power and Fuel Costs Highest in Europe

Summary

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BRITAIN'S soaring energy costs will drive intensive manufacturing to other countries that have cheaper power bills and lower fuel costs, the chairman of British Polythene Industries has warned

Cameron McLatchie revealed that Greenock-headquartered BPI, the largest producer of polythene film, sacks and bags in Europe, has chosen to make a GBP3 million capital investment in its facility in Belgium rather than a plant in the southwest of England, solely on the basis of these expenses.

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Extract

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Energy Pricing Firms Out of Britain Uk's Business Power and Fuel Costs Highest in Europe

He added that a GBP1m investment to extend its recycling plant in Dumfries was also now in jeopardy. "It could be that we don't do it. It's getting to the stage where ...

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