Call for a clear exports vision

Tim Wallace
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THE UK needs a long-term vision to cut taxes and boost exports, manufacturers’ organisation EEF claimed today, arguing that firms need certainty if they are to invest and grow.

Increasing tax breaks for investment should be a start, it argued, as “the capital allowances system is the second least supportive in the OECD.” And the group wants more competition in the banking sector to increase access to credit.

“The Autumn Statement should take action to ensure firms looking to invest have the right support from our tax system,” EEF said.