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.’