Cara Haffey, Leader of Industry for Industrials and Services, said:
“Today’s Budget comes at a critical time for UK manufacturing. After a year of relentless cost pressures, new tariffs, and market instability, manufacturers simply cannot keep absorbing new or hidden costs. Predictability and stability are essential if we are to plan, invest, and compete globally.
“We welcome the Government’s continued focus on playing to our industrial and sectoral strengths across our global, national, and regional manufacturing base and supply chain. Investment in advanced manufacturing and across regions is a positive step towards supporting economic and inclusive regional growth and delivering on the Industrial Strategy.
"Given the UK’s position as a leader in global automotive manufacturing, the introduction of a mileage-based tax for electric and hybrid vehicles from 2028 marks a notable shift. While steps to boost EV infrastructure and stimulate demand are positive, it’s crucial that government policy remains steady and predictable to encourage ongoing investment in electrification. Uncertainty or frequent changes in tax and regulation could undermine confidence and slow progress in the sector at a pivotal moment."
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