-
Fears for UK recovery as record energy prices shut fertiliser plants
Record energy prices have forced two fertiliser plants in the north of England to shut down and brought steel plants to a halt, in some of the clearest signs that the energy crunch engulfing Europe could deal a blow to the UK’s economic recovery. The US fertiliser maker CF Industries has halted production at its plants in Billingham in Teesside and Ince in Cheshire, which employ about 600 workers, because of rocketing gas prices, which have reached successive record highs across Europe in recent weeks. Goldman Sachs, a major commodity trader, warned soaring prices would mean heavy industries across Europe running ... (full story)