Manufacturers call for major MOT of UK’s business tax and regulation system

Britain’s manufacturers are calling on the Chancellor to announce a major MOT of the UK’s uncompetitive business tax and regulatory environment in the forthcoming Autumn Statement to boost investment planning by business.

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Key findings: 44% of companies believe UK business tax and regulation system is unfavourable More than a quarter believe current system worse than China and other major competitors Frequent changes to incentives and R&D credits have hampered business investment planning Just 8% of companies say tax and regulation has no impact on investment decisions More…