Bulletin

Sliding euro deals a blow to Britain's factories

Euro notes - Factories have made competitive inroads - SantanderCB

A new report has found that factories have made competitive inroads against the US and China in the past year, but have lost ground to European rivals in a blow to Britain's export hopes. The UK was overtaken by the Netherlands and dropped one place to fifth in Boston Consulting Group's global manufacturing cost competitiveness index. Britain also underperformed against France, Germany and Italy as the euro's collapse gave members of the single currency bloc an advantage. China remains the world's most cost-competitive exporter. The United States is second, followed by South Korea, the Netherlands and then Britain.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…

Where Next?