Manufacturing investment in UK more likely than in eastern Europe, says Eversheds
Robin Johnson, head of diversified industrials at Eversheds, has commented following news from the CBI that British factory orders grew faster than expected in August due to a rise in overseas demand.
According to Johnson, the political focus on creating a lower-cost, high-value manufacturing environment has resulted in the UK growing faster than the eurozone over several quarters.
He said: ‘Inward investment into the UK is dramatically increasing, as the UK becomes more attractive than a number of eastern European countries from geopolitical, tax base, research and development and additive manufacturing perspectives.
‘We still need to watch the strength of sterling, and there may potentially be a skills shortage in the medium term. But overall UK manufacturing is in rude health.’
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