Tag Archives: budget

By Tim Wright, Managing Director of Invar Systems Chancellor Rishi Sunak’s Budget announcement of a capital allowance ‘super-deduction’ could be a game-changer for many warehouse owners and operators. The super-deduction, which will apply for two years, allows firms to claim 130% of their expenditure on approved plant and machinery against …

Make UK, which trains hundreds of apprentices at its world-class Technology Hub in Aston, Birmingham, has welcomed the Chancellor’s new incentives to encourage businesses to take on apprenticeships, announced in the recent Budget. Rishi Sunak unveiled a new series of measures, including a doubling of the cash incentives to take …

Measures included in the Budget provide a strong foundation for economic recovery, according to Logistics UK, one of the UK’s biggest business groups. But while there are many positive decisions – including a freeze in fuel duty and extension to the furloughing scheme – we need to see greater investment …

Commenting on the budget, Peter Ward, CEO of the UK Warehousing Association (UKWA), has expressed disappointment that the Government has done little to support the warehousing and logistics sector, which has supported the economy through the global pandemic and is faced with the costs of massive transformational change. “While we …

Kevin Bell, transport partner at law firm Womble Bond Dickinson, comments: “We welcome the fantastic news that the Government has decided to set up a Freeport on Teesside. This will undoubtedly help deliver transformational improvements and drive forward the levelling up agenda. This Freeport will bring millions of pounds of …

Mike Hawes, SMMT Chief Executive, said, “Today’s budget provides some encouragement to an automotive sector hit hard by the pandemic and additional trading costs but it falls short of the support needed to transform the industry and market to the net zero future to which both the government and industry …

Following Rishi Sunak’s budget, Rob Oliver CEO, CEA (Construction Equipment Association) comments: “Whilst the necessary extension of the furlough scheme and additional support for covid-19 challenged business was welcome and expected, there were also some interesting initiatives that may be of direct benefit to the construction sector. The announcement of …

The Chancellor’s most urgent priority at the Budget is to support the economy through the final stages of the pandemic, by extending furlough, the business rates holiday, welfare support and the stamp duty holiday. Beyond that, the best long-term recipe for prosperity is to prioritise growth over short-term deficit reduction. …

Chancellor Rishi Sunak has dealt a huge blow to the blue collar industry in his budget, by ending the subsidy on red diesel, a fuel widely used by British manufacturing, production and construction companies. The scrapping of the subsidy, which is worth almost 47p a litre, will increase duty on …

In response to news that the Chancellor of the Exchequer, Rishi Sunak, will commit billions in spending to improve infrastructure across the UK, Christopher Snelling, Head of UK Policy, comments: “FTA has been urging government to commit to a programme of infrastructure improvement for several years; we are thrilled to …