Energy crisis could force more UK factories to close
CNN
UK makers of steel, paper, glass and ceramics and chemicals, some of the country's most intensive users of natural gas, have warned the government that factory shutdowns will be inevitable, unless it acts on soaring wholesale gas prices pushing production costs out of control.
The industries, which are major users of natural gas and electricity, are reeling from a meteoric increase in wholesale energy prices that could continue deep into the winter. UK companies are being made less competitive compared to international rivals that have received help from their governments.
It's not an idle threat. Just three weeks ago, Britain's food industry was brought to the brink by the closure of factories producing most of the country's CO2. The reason? Soaring natural gas prices.
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