Output in the UK’s energy-intensive industries has fallen by a third since 2021 to reach a 35-year low, reflecting their exposure to the highest electricity prices of any rich economy, official data showed on Monday.
The production of paper, petrochemicals, basic metals and inorganic products such as cement and ceramics was in 2024 at its lowest level in records stretching back to 1990, the Office for National Statistics said.
The figures underline the challenge facing ministers as they seek to shield British industry from high energy costs that put businesses at a severe disadvantage to competitors in the US and China.
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