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16/11/2001
UK Chancellor promise help for manufacturing sector
Gordon Brown, the UK Chancellor, has promised to introduce revised tax breaks for the UK’s struggling manufacturing sector.
During a speech to the Institute of Directors, the Chancellor said that he understood people’s concerns about the global slowdown and the effects on Britain’s economic growth.
In response to these worries about the health of the UK economy in the post September 11 slowdown, Mr Brown said that the pre-budget report would recognise the contribution of modern manufacturing to exports and innovation.
Several recent economic reports have shown manufacturing output falling, employment declining, and confidence within the sector diminishing.
Mr Brown confirmed plans to further cut capital gains tax on medium term investments, and that Enterprise Management incentives may be boosted as part of a strategy to boost business.
It is also understood that the government may be considering cutting the tax burden on research and development in a bid to maintain innovation. Also proposed are changes to the VAT system to make it more comprehensible to smaller businesses.
Shadow Chancellor Michael Howard claimed that under the Labour government business had been burdened by an additional £10 billion-a-year in red tape and taxation. (SP)
During a speech to the Institute of Directors, the Chancellor said that he understood people’s concerns about the global slowdown and the effects on Britain’s economic growth.
In response to these worries about the health of the UK economy in the post September 11 slowdown, Mr Brown said that the pre-budget report would recognise the contribution of modern manufacturing to exports and innovation.
Several recent economic reports have shown manufacturing output falling, employment declining, and confidence within the sector diminishing.
Mr Brown confirmed plans to further cut capital gains tax on medium term investments, and that Enterprise Management incentives may be boosted as part of a strategy to boost business.
It is also understood that the government may be considering cutting the tax burden on research and development in a bid to maintain innovation. Also proposed are changes to the VAT system to make it more comprehensible to smaller businesses.
Shadow Chancellor Michael Howard claimed that under the Labour government business had been burdened by an additional £10 billion-a-year in red tape and taxation. (SP)
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10 December 2003
CBI cautiously welcome Chancellor's pre-budget report
CBI Director-General Digby Jones has expressed concern about the business tax burden in what he described as a "positive" pre-budget report that he said had "little room for manoeuvre".
CBI cautiously welcome Chancellor's pre-budget report
CBI Director-General Digby Jones has expressed concern about the business tax burden in what he described as a "positive" pre-budget report that he said had "little room for manoeuvre".
08 March 2002
UK Chancellor to discuss possible tax cuts for business
UK Chancellor Gordon Brown is set to discuss the possibility of tax cuts for business in next month's Budget, during a special cabinet meeting at Chequers, the Prime Minister's official residence.
UK Chancellor to discuss possible tax cuts for business
UK Chancellor Gordon Brown is set to discuss the possibility of tax cuts for business in next month's Budget, during a special cabinet meeting at Chequers, the Prime Minister's official residence.
27 November 2001
Brown delivers a positive pre-budget report
Chancellor Gordon Brown has delivered his annual pre-budget report which saw increased focus on the idea of building a stronger Britain in the face of an uncertain world. Confident that the economy would meet this year’s economic growth target of between 2.25 and 2.
Brown delivers a positive pre-budget report
Chancellor Gordon Brown has delivered his annual pre-budget report which saw increased focus on the idea of building a stronger Britain in the face of an uncertain world. Confident that the economy would meet this year’s economic growth target of between 2.25 and 2.
16 April 2003
Manufacturing group lobby against workspace tax
The Northern Ireland Manufacturing Group has held meetings with SDLP MP John Hume and UUP MP Jeffrey Donaldson to highlight the potential consequences of the proposed new tax on manufacturing.
Manufacturing group lobby against workspace tax
The Northern Ireland Manufacturing Group has held meetings with SDLP MP John Hume and UUP MP Jeffrey Donaldson to highlight the potential consequences of the proposed new tax on manufacturing.
10 December 2003
Borrowing under-estimated by £10bn, admits Brown
In his pre-budget report to the Commons today, the Chancellor Gordon Brown has highlighted the underlying strength of the economy but admitted that the UK will have to borrow around £10 billion more this year than had been predicted.
Borrowing under-estimated by £10bn, admits Brown
In his pre-budget report to the Commons today, the Chancellor Gordon Brown has highlighted the underlying strength of the economy but admitted that the UK will have to borrow around £10 billion more this year than had been predicted.
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