1 in 10 Manufacturers Are Moving Overseas, 'We Need Real Change' | Verity Davidge

By Times News

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“1 in 10 manufacturers right now are moving production overseas. Unless we see a real change in that direction of travel at the fiscal statement, we are going to see more of that, unfortunately.” A "triple whammy" of employment costs, National Insurance hikes, National Living Wage pressure on pay differentials, and new employment regulations, is driving manufacturers to move production out of the UK says director of policy at Make UK, Verity Davidge. Verity Davidge was speaking to Fi Glover on Times Radio. Listen live every Monday-Thursday from 2-4pm. Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo Find us on Facebook: https://www.facebook.com/timesandsundaytimes/ Find us on X: https://x.com/thetimes Find us on Instagram: https://www.instagram.com/thetimes/

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