Britain’s manufacturers are more positive about the growth outlook as they enter 2022, with greater confidence in the prospects for their own companies than either the global or UK economies, according to the survey, published today.
However, despite the positivity expressed, the overall picture remains clouded with conflicting issues and pressures demanding attention.
The '2022 Make UK/PwC Senior Executive' survey shows the scale of uncertainty facing business in the current turbulent global environment, with more than half of companies saying the biggest challenges facing them had changed in the last twelve months.
The optimism expressed by those polled is tempered by the ongoing fight to attract and retain talent, along with escalating input costs generally.
While two-thirds of companies see the UK as a competitive location for manufacturing, the same proportion also say that leaving the EU has definitely hampered their business. Meanwhile,...