Budget reaction: Finally, manufacturers have a reason to invest

Posted on 4 Mar 2021 by Tom Lane

The super-deduction capital allowance announced in yesterday’s budget could be just what the UK’s makers have been asking for.

For many years, The Manufacturer amongst others within the UK manufacturing sector have been pleading with the government to incentivise buying new capital equipment. We have consistently heard that “the UK has a productivity problem, the UK doesn’t invest enough in new technology, the UK is falling behind our international counterparts in terms of automation.”…

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