Following today’s Spring Statement, David Nicklin, managing director at Nicklin Transit Packaging, says:
“The measures outlined in today’s Spring Statement don’t address the complex challenges facing the manufacturing sector right now where costs are increasing on multiple fronts. Inflationary pressure is affecting all businesses, but it presents an even greater problem for those in energy intensive industries like ours.
“While we have invested in the necessary measures to build a resilient business by shoring up our supply chain and sharpening our strategic approach, there must be a realisation among policy makers that specific and targeted support right now is essential if we are to ‘build back better’ from the pandemic.
“Looking to the future, the promised review of tax measures designed to incentivise investment in training and R&D is a welcome move and a process that we will certainly engage in to share our perspective on the provisions that would make a tangible difference.”
