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flag UK manufacturing faces a "cost crisis," predicting contraction this year and slow growth in 2025.

flag UK manufacturers are experiencing a "cost crisis" with confidence levels hitting their lowest since the start of the pandemic, according to industry body Make UK. flag The recent Budget, which increased National Insurance contributions and the minimum wage, has exacerbated the situation. flag Make UK now predicts a 0.2% contraction in the manufacturing sector this year and expects only a 0.7% growth in 2025.

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