Budget 2021: The Manufacturing Perspective

By March 3, 2021News, Opinion

Chancellor Rishi Sunak presented a bumper budget today in the House of Commons, announcing a number of new business-focussed policies designed to incentivise growth and investment.

Commenting on the announcement , David Nicklin, managing director at Nicklin Transit Packaging, says:

“Despite trading conditions showing some signs of slowly returning to stability, manufacturers continue to face multiple financial pressures in the form of materials shortages and price rises, alongside ongoing supply chain challenges and red tape caused by the Brexit process.

“As we continue to recover from the pandemic, manufacturers will need all the support they can get to invest in personnel, alongside process automation and other technologies to improve efficiency and productivity, so today’s support for apprenticeships and the ‘Super Deduction’ scheme designed to incentivise business investment and growth will go down well.

“News that corporation tax will rise over the longer term is hardly surprising given the wider public finances but it is encouraging that there will be measures in place to minimise the impact on smaller firms.”

Browse the website to find out more about Nicklin Transit Packaging’s comprehensive range of wood packaging and corrugated cardboard packaging  solutions and associated services such as ISPM15 compliance and packaging design. Alternatively, for bespoke transit packaging requests, send an enquiry today.

Leave a Reply