Tue 22 Sep 2026
FTSE 100 10,708.33 +0.47%Microsoft 498.00 +0.18%NVIDIA 228.87 +7.87%Apple 339.75 +2.54%Google 347.41 +1.75%S&P 500 7,764.64 +2.36%Nasdaq 27,244.28 +4.86%Dow 51,863.69 -0.44%Russell 2000 2,889.92 +0.68%US 10Y Treasury 4.97% -0.76%Euro Stoxx 50 6,324.72 +0.93%DAX 25,578.85 +0.70%AEX-Index 1,110.93 +1.35%Nikkei 225 65,018.95 +2.40%Hang Seng 25,087.75 +1.70%Gold $4,396.20 -0.08%Silver $67.61 +3.27%Brent Crude Oil $98.65 -5.89%Natural Gas $3.16 +9.00%Copper $6.91 +4.83%GBP/USD 1.3343 -0.96%GBP/EUR 1.1649 -0.23%GBP/AUD 1.8745 -0.85%Bitcoin (USD) $86,121 +6.45%Ethereum (USD) $2,744 +5.09%FTSE 100 10,708.33 +0.47%Microsoft 498.00 +0.18%NVIDIA 228.87 +7.87%Apple 339.75 +2.54%Google 347.41 +1.75%S&P 500 7,764.64 +2.36%Nasdaq 27,244.28 +4.86%Dow 51,863.69 -0.44%Russell 2000 2,889.92 +0.68%US 10Y Treasury 4.97% -0.76%Euro Stoxx 50 6,324.72 +0.93%DAX 25,578.85 +0.70%AEX-Index 1,110.93 +1.35%Nikkei 225 65,018.95 +2.40%Hang Seng 25,087.75 +1.70%Gold $4,396.20 -0.08%Silver $67.61 +3.27%Brent Crude Oil $98.65 -5.89%Natural Gas $3.16 +9.00%Copper $6.91 +4.83%GBP/USD 1.3343 -0.96%GBP/EUR 1.1649 -0.23%GBP/AUD 1.8745 -0.85%Bitcoin (USD) $86,121 +6.45%Ethereum (USD) $2,744 +5.09%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 19°C OvercastBirmingham 19°C Patchy rain nearbyManchester 17°C Patchy rain nearbyNewcastle 17°C CloudyBristol 18°C OvercastPembroke 16°C Patchy rain nearbyEdinburgh 15°C OvercastBelfast 14°C Light rain showerInverness 11°C Light rainPenzance 17°C Partly CloudyHolyhead 16°C Patchy rain nearbyNorwich 18°C Cloudy
More Info

UK Glass Sector Faces Crisis Amid High Costs and Competition

Advertisement
Follow News in 60 on Facebook

The UK glass manufacturing sector is at a critical juncture, with industry experts warning that high energy costs and insufficient government support could drive production abroad. As manufacturers consider transitioning from gas to electric furnaces to meet Net Zero targets, the financial viability of such changes is in question. The UK has some of the highest electricity prices in the developed world, making it difficult for local producers to compete with European counterparts who receive greater financial backing.

Some manufacturers have already opted to establish new facilities in mainland Europe, where they benefit from lower operational costs and supportive policies. This trend raises concerns about the long-term sustainability of the UK glass industry, which employs around 6,000 people directly and supports an additional 120,000 jobs across the economy. The situation is exacerbated by the Extended Producer Responsibility charge, which disproportionately impacts glass producers, further threatening jobs and production.

Industry leaders are calling for a level playing field with European competitors, highlighting the need for government intervention to lower electricity costs and provide financial assistance for transitioning to greener technologies. Without such measures, the UK risks losing its foundational glass sector, which is vital for various industries and the economy as a whole.

As the sector grapples with these challenges, the decisions made in the coming months will be crucial. If manufacturers cannot secure competitive energy prices and support for necessary upgrades, the future of glass production in the UK could be jeopardised, leading to factory closures and significant job losses.

Source: GB News

Read more Money news →

News Category: Money Tags: economy, energy, glass, jobs, manufacturing

Leave a comment

Your email address will not be published. Required fields are marked *