Tag Archives: midlands

Liz Lynne writes: Making the industrial strategy work in the Midlands

jaguarFor years people have been writing off our UK manufacturing industry and underplaying the part it plays in boosting the economy. In my view there has been too much emphasis on the service sector and not enough on manufacturing. I am therefore delighted about the announcement in the Autumn Statement on Capital Allowances. It is something that many people in industry have been calling for for years. By raising the allowance tenfold from £25,000 to £250,000, the government is encouraging investment in new plant and machinery, and providing an incentive for profitable manufacturers to invest in new capacity. This is a government decision that will create new long term jobs.

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