UK risks falling behind in global manufacturing 'arms race'
Manufacturing bosses have warned that the UK risks falling behind in a global manufacturing 'arms race' without a coherent plan for manufacturing. The US and EU are investing billions of pounds to support domestic production of everything from renewable energy to microchips and electric vehicles. The UK has no industrial strategy, and is at risk of losing out on the green industrial revolution. Johnson Matthey, a UK chemicals and metals company, has warned that the UK risks squandering its lead in green technologies because of the government's reluctance to support its companies.