Investment fears over Brexit leave industry at mercy of global rivals

Posted on 19 Nov 2019 by The Manufacturer

Brexit anxiety is forcing the manufacturing sector to stockpile cash allowances to record levels, while industry investment plummets to a four-year low under similar strains – according to a leading accountancy firm.

Capital allowances claimed by manufacturing reached a six-year high in March – image courtesy of Depositphotos. Political uncertainty and limited government support are among a multitude of fronts on which UK manufacturers are currently fighting and at what the business advisory firm BDO described as a “critical juncture” for the industry.…

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