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Mark Minihane, EY’s UK Advanced Manufacturing and Mobility Tax Leader, comments on support for Advanced Manufacturing announced in the Chancellor’s Autumn Statement:
Business has been placed at the heart of today's Budget and the Chancellor has announced a number of sweeping changes to try and bolster jobs and investment up and down the country. Among a string of big-ticket announcements, we now know there's a surprise new 'super deduction' plan on the way, corporation tax is going up and 'freeports' are coming in eight new locations. For ordinary people, there's a lot of jargon and pretty complex ideas and concepts to get to grips with, so here, we outline what all this means for businesses, the people that work in them and the taxman, otherwise known as...