British manufacturers are battered by soaring costs as the Bank of England is expected to raise interest rates this week

Output figures from British manufacturers reveal cost pressures intensifying on multiple fronts, with energy bills and supply-chain disruption squeezing margins hard. The Bank of England is expected to respond with an interest rate rise this week as it tries to bring inflation to heel, though analysts warn higher borrowing costs risk deepening the pain for industry.

Some manufacturers have passed rising costs onto customers, with the sector described as 'resilient' despite mounting strain.

Global manufacturing data shows the pressure is not confined to Britain, with energy costs and supply disruptions hitting producers worldwide.