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<blockquote data-quote="wanton dwarf" data-source="post: 4557480" data-attributes="member: 5903"><p>Wages are not the biggest factor in some industries</p><p></p><p>Energy costs are the biggest factor in heavy engineering</p><p></p><p><a href="http://www.telegraph.co.uk/business/2017/10/29/british-industry-faces-cost-energy-crisis-set-grow/" target="_blank">http://www.telegraph.co.uk/business/2017/10/29/british-industry-faces-cost-energy-crisis-set-grow/</a></p><p></p><p>Germany hands out €9bn to heavy industry, dwarfing amount paid by Britain</p><p><a href="https://www.ft.com/content/d91c122c-f828-11e5-96db-fc683b5e52db" target="_blank">https://www.ft.com/content/d91c122c-f828-11e5-96db-fc683b5e52db</a></p><p></p><p>The UK steel industry has complained bitterly for years that it pays higher energy costs than European peers. The <a href="http://ec.europa.eu/eurostat/web/prodcom/overview/steel-data" target="_blank">Eurostat figures</a> quoted in the BIS committee report make the point. In 2014, UK steelmakers paid about 80% above the EU median for their electricity. UK government policies to meet legally binding targets to reduce carbon emissions are partly responsible.</p><p><a href="https://www.theguardian.com/business/2016/mar/30/who-is-to-blame-for-the-steel-crisis-tata-port-talbot" target="_blank">https://www.theguardian.com/business/2016/mar/30/who-is-to-blame-for-the-steel-crisis-tata-port-talbot</a></p></blockquote><p></p>
[QUOTE="wanton dwarf, post: 4557480, member: 5903"] Wages are not the biggest factor in some industries Energy costs are the biggest factor in heavy engineering [URL]http://www.telegraph.co.uk/business/2017/10/29/british-industry-faces-cost-energy-crisis-set-grow/[/URL] Germany hands out €9bn to heavy industry, dwarfing amount paid by Britain [URL]https://www.ft.com/content/d91c122c-f828-11e5-96db-fc683b5e52db[/URL] The UK steel industry has complained bitterly for years that it pays higher energy costs than European peers. The [URL='http://ec.europa.eu/eurostat/web/prodcom/overview/steel-data']Eurostat figures[/URL] quoted in the BIS committee report make the point. In 2014, UK steelmakers paid about 80% above the EU median for their electricity. UK government policies to meet legally binding targets to reduce carbon emissions are partly responsible. [URL]https://www.theguardian.com/business/2016/mar/30/who-is-to-blame-for-the-steel-crisis-tata-port-talbot[/URL] [/QUOTE]
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