The UHY report paints a bleak picture for UK manufacturing, but is it as black and white as they outline? Especially when the latest edition for The Manufacturer painted an altogether more rosy winter’s tale?

The UK has some of the most advanced technology in the world, and companies are moving to hi-tech from basic commodity production. Much of UK manufacturing depends on demand higher up the value chain e.g. If Jaguar launches a model UK auto the supply chain kicks into gear.  

There are of course a number of headwinds like Brexit, tariffs, currency issues and potential job shortages as EU workers leave the UK. However, the UK is still one of the largest economies in the world and its liberal economy is attractive to overseas investors.

What is key is manufacturers plan now for Brexit. The Treasury Committee of the House of Commons is inviting businesses to submit their views by 31 January 2017 on whether the UK Government should seek a transitional trade arrangement on Brexit with the EU. Make sure your voice is heard.