|
Rising Energy Bills Eat Into Profit Margins
2.21.00pm BST (GMT +0100) Tue 26th Oct 2004
Oil prices are impacting on the confidence of manufacturers according to the CBI. Commenting on today's report, Malcolm Bruce MP, Liberal Democrat Shadow DTI Secretary, said: "Part of the reason for rising oil prices is the instability in the Middle East.
"Meeting the cost of rising energy bills will obviously eat into the profit margins of British manufacturers. The knock-on effect is a dampening of the British economy.
"This is a clear economic cost of the war in Iraq."
[Print this story]
[Previous story]: First Time Buyers Hit By Stamp Duty Freeze (Fri 22nd Oct 2004).
[Next story]: Short-Termist Post Office Policy Backfires On Other Departments (Wed 27th Oct 2004).
[Other news stories from October 2004 (10)]
Printed and hosted by Prater Raines Partners, 16 Riviera Court, Sandgate High Street, Folkestone CT20 3RP.
Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB.
The views expressed are those of the party, not of the service provider.
|