IS BRITAIN OPEN FOR BUSINESS OR NOT ??
Historically the UK has not had many USPs [unique selling points] for
manufacturing as opposed to some other countries,” says Ratcliffe. “If you
go to the US, you’ve got a huge market, cheap energy, good skills and
pensions are a sensible cost.
“Germany has great skill levels, great infrastructure, high-quality plant. If
you go to the UK, we’re very creative and we’ve got the language, but energy
costs are pretty much the most expensive in the Western world, pensions are
pretty expensive and the skills are significantly below those in Germany and
UK energy costs are a major handicap, he says, pointing out that large users
incur environmental taxes of more than €6/MWh in Britain versus less than €1
in Germany and nothing in the US Gulf. “The UK said it wanted to be the
greenest country on the planet. That’s fine but you end up putting very high
environmental taxes on users. So where are you going to invest?” asks
“The Government needs to understand it and do something about it. Do your
analysis of energy costs. Either it comes from windmills and