Budget provides short term sticking plaster for manufacturers

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The South West Region of EEF, the manufacturers’ organisation, believes yesterday’s Budget offers only modest encouragement for manufacturing going forward.

Just days after the Government outlined a new industrial strategy designed to deliver a more balanced economy, Clive Turner, EEF‘s South West Region External Affairs Advisor, believes that the Budget will do little to speed recovery for manufacturing.

He said: “Just a few days ago, business welcomed the clear intention to deliver more balanced and sustainable economic growth with an active strategy to support Britain’s industrial base. This stated aim has received only modest support through today’s Budget.

“The measures on investment, trade credit, low carbon technologies and car scrappage are helpful though he should have gone further to make a real difference.

“Manufacturers will also be disappointed that the Chancellor has hit them with the double whammy of failing to provide support for short time working whilst increasing the costs of redundancy.”