UK firms are cutting ties with China amid wider tensions, CBI chief says

Tony Danker says thousands of companies are rethinking their supply chains' in shift that could exacerbate cost of living crisis

British businesses are scrambling to sever economic ties with China in the wake of increased political and security tensions between Beijing and the west, an industry leader has said.

The Confederation of British Industry (CBI) director general, Tony Danker, warned that the sudden restructuring of supply chains from China could also exacerbate the cost of living crisis.