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flag UK manufacturing faces sharpest decline in orders since pandemic, CBI reports.

flag UK manufacturing is facing its sharpest decline in orders since the early days of the pandemic, according to the Confederation of British Industry (CBI). flag Optimism among manufacturers hit a two-year low in January, with orders and output volumes dropping significantly. flag The decline is partly attributed to increased taxes and regulatory changes, including higher National Insurance contributions. flag The CBI warns that further reductions in investment and hiring are expected, amid concerns over weak domestic and international demand.

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