UK manufacturers urge Chancellor Jeremy Hunt to scrap Autumn Statement

Constant policy ‘flip flopping’

Make UK, which describes itself as the manufacturers' organisation, has called on Chancellor Jeremy Hunt to scrap the Autumn Statement in favour of a single annual fiscal statement to avoid “flip flopping” on policy.

As part of a survey published by Make UK and RSM, the association said the constant changes to policies on investment and research and development incentives in recent years have "significantly hampered" business' investment plans.  "Manufacturers are clear that many aspects of the current tax and regulatory system are not fit for purpose and are failing to promote vital investment in skills, capital and green growth," said Fhaheen Khan, senior economist at Make UK. "This is not helped by the fact we have two fiscal statements a year which hampers business' investment planning. We can...