Chancellor 'pulls right levers for manufacturers' says EEF
Chancellor George Osborne's Autumn Statement received a broad welcome from manufacturing bosses today, with EEF chief executive Terry Scuoler saying it demonstrated that the government had its "hands firmly on the levers of growth and is pulling them to support growth which is driven by exports and investment".
He added: "Today's measures on the annual investment allowance, the headline rate of corporation tax, export support and infrastructure spending have laid the foundations of a strategy to ensure business chooses to invest and grow in the UK."
EEF chief economist Lee Hopley said that prioritising resources towards measures to boost business investment through increasing the Annual Investment Allowance was a positive pro-growth announcement and a move that started "to provide the foundations of a strategy that is serious about support more globally focused companies choosing to invest and grow in the UK".
Commenting on measures to boost exports, EEF said it applauded the government's efforts to beef up its support for exporters.
