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EY UK&I Advanced Manufacturing & Mobility Tax Leader Government borrowing has now exceeded £270bn in this financial year, according to the Office for National Statistics. While under normal circumstances, this may have raised some eyebrows, we are still operating in unprecedented times. Despite the significant COVID-19 relief bill, further investment stimulus is required, and the UK manufacturing sector will be hoping this is reflected in tomorrow’s Budget announcement. An effective pro-manufacturing tax policy is needed not only to sustain the economy and help support employment in the sector, but to position the UK for long-term growth. A healthy and growing manufacturing industry could be the foundation for post-pandemic recovery, and a key strategy for the post-Brexit world. More widely, this would bring job creation throughout the supply chain and skilled labour investment.

United kingdomKnowledge development boxSociety of motor manufacturers tradersWhile ey united kingdom attractivenessIndustrial energy transformation fundOffice for national statisticsKingdom attractiveness surveyCoronavirus jobs retention schemeMotor manufacturersSpring budgetManufacturing made smarterஒன்றுபட்டது கிஂக்டம்அறிவு வளர்ச்சி பெட்டிசமூகம் ஆஃப் மோட்டார் உற்பத்தியாளர்கள் வர்த்தகர்கள்தொழில்துறை ஆற்றல் மாற்றம் நிதிஅலுவலகம் க்கு தேசிய புள்ளிவிவரங்கள்