UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – business live
NegativeWorld Affairs

UK manufacturers are facing their largest drop in orders since 2020, raising concerns about the future of the sector. This downturn comes alongside a record high for the FTSE 100, driven by a surge in oil company shares following US sanctions on Russian energy firms. The recent weaker-than-expected inflation report has led to speculation that the Bank of England might cut interest rates sooner than anticipated, which could have significant implications for the economy. This situation highlights the contrasting fortunes of different sectors and the challenges manufacturers are currently grappling with.
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