Chancellor Jeremy Hunt's 'Autumn Statement for Growth' on Wednesday, November 22, 2023, highlighted tax cuts for both working individuals and British businesses.
Leading publication, The Manufacturer has featured reactions from industry, including Made in Britain CEO, John Pearce (pictured), who said: “Lifting the time cap on full expensing on plant and machinery investment is just the sort of long-term measure for growth that we know our members will welcome. The three-year time cap on the relief, with no certainty about what might happen after that, was simply not enough for the long-term investment plans of manufacturing businesses.
“This stimulus can certainly help our manufacturing sector to move the needle on flatlining productivity in an era of industrial transformation and regeneration, crying out for investment in growth.”
Read the article in full on The Manufacturer website.
By Made in Britain 1 year ago | By Made in Britain