The industry lobby group found that one in ten firms have already begun relocating their production abroad, while a further 16pc are considering following suit, targeting Asian countries like China and South Korea, where operating costs are typically much cheaper.

Stephen Phipson, chief executive of Make UK, said: “We’ve got the highest energy costs in the world.

“A year ago, the big trend was onshoring and bringing back supply chains to the UK. Now [companies]........

© Norwich Evening News