An American firm has revealed a halt to production at two UK factories because of the surge in the cost of gas, a scenario threatening a wider impact across the economy in the months to come.Fertiliser producer CF Industries said its manufacturing facilities at Billingham on Teesside and Ince in Cheshire would be shut down with no estimate for when production would resume.
It cited “high natural gas prices” for its decision, reflecting a mounting crisis for business users as margins are eroded by eye-watering costs for raw energy across Europe.Wholesale prices have hit record levels this week …
