Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to help manufacturing companies manage rising costs of (a) raw materials and (b) energy.
Most of the shortages of products and raw materials impacting the market have been driven by global and domestic supply and demand factors. Industry experts believe that the current situation is temporary, although projections indicate that strong demand will continue over the next six months.
The Government recognises that this is a worrying time for businesses facing pressures due to increases in global gas prices. The Department is engaging regularly with manufacturers to monitor the impact of rising energy and raw material prices on them and consider possible mitigations.