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Manufacturing group calls for budget measures

1 March 2011
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Manufacturing group calls for budget measuresMeasures are needed in the Budget being announced later this month that will enable the UK's manufacturing sector to expand.

This is according to EEF, the manufacturers' organisation, which is calling on the chancellor George Osborne to use his annual speech to support the industry.

In its pre-Budget statement, the body recommends creating a "Growth Mandate" that will provide firms with "the confidence to grow, invest and create jobs in the UK", with key areas including regulation, tax, skills and access to finance.

Terry Scuoler, chief executive of EEF, explained: "Government must now send the same signal that it is serious about enhancing the competitiveness of our business environment."

The EEF is recommending measures in the Budget that examine the impact of costs on companies on an annual basis in areas such as bank charges, tax charges, regulations and environmental policies, in addition to addressing skills shortages and apprenticeship starts.

Professionals concerned with improving manufacturing processes may also be interested in recent figures from EEF demonstrating continued caution in the sector held pay settlements stable during the three months to January 2011.ADNFCR-3058-ID-800434805-ADNFCR
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