Investment in UK industry is a must

Manufacturing News, Source : TheManufacturer.com
Published : 19 Nov 2002 9:46

The British Chamber of Commerce (BCC) has warned the Chancellor that if the UK manufacturing sector isn’t given an investment boost then it may die out.

In the pre-Budget report, the BCC has pointed out the latest forecasts stating that Britain only has an average level of economic prospects. It has also expressed concern surrounding national insurance increases due to be introduced in 2003. The BCC’s report compiles a wishlist including a rise in the research and development tax credit to improve productivity.

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