The first Labour Budget since 2010 was an opportunity for the government to build on the initial proposals in the Industrial Strategy green paper to bolster the UK’s manufacturing industry and stimulate economic growth in line with decarbonisation. The Chancellor, Rachel Reeves, promised that the only way to ensure economic growth was to “Invest, invest, invest”.
The Manufacturer has published an article with reactions to the Budget from industry, which includes Made in Britain CEO, John Pearce (pictured, left), who said: "The next few months will inform whether this Budget’s ‘tax and spend’ plans for the broader economy make things easier or harder for manufacturing companies to thrive, employ the right people and to carry on making the goods that are essential for the sustainable growth of the British economy.
"We know that buying British-made goods is good for the economy and society. It would be helpful for manufacturing businesses if the economy rewarded responsible British-based manufacturers, with considered fiscal incentives, calculated to help them grow."
Read the article and other industry reactions in The Manufacturer.
The Chancellor’s Budget announcement speech on the gov.uk website in full is available here.
If you have feedback regarding the recently announced Industrial Strategy, please click through to the Made in Britain news item here.
By Made in Britain 8 months ago | Media coverage