IN BRIEF: High oil prices threaten investment

High oil prices threaten UK manufacturing’s investment and export performance, according to a report released this week by the Institute for Manufacturing. In the worst case, energy costs could lead to a global recession, the report says, although greater use of alternative fuels and the effect of the internet on inflation may prevent this scenario.

High oil prices threaten UK manufacturing’s investment and export performance, according to a report released this week by the Institute for Manufacturing. In the worst case, energy costs could lead to a global recession, the report says, although greater use of alternative fuels and the effect of the internet on inflation may prevent this scenario.