Uncertainty affecting manufacturers.
23/10/2017.
A report from the EEF has found that British manufacturers are putting the brakes on investment plans as uncertainty over Brexit makes them more reluctant to spend money on factories and machinery. The EEF said the amount invested in new plant and machinery has slipped to 6.5% of turnover down from 7.5% last year. Lee Hopley, chief economist at the EEF, said the chancellor, Philip Hammond, should use his budget on November 22nd to introduce measures that will encourage business investment.
The EEF is the representative voice of British manufacturing, both in the UK and Europe – fighting for more than 5,000 businesses and our 2,000 direct members for the last 120 years.
The Credit Protection Association plc is concerned about anything that could cause cash flow difficulties for the SME sector of the UK economy. Our members will be concerned at anything that will reduce the number of orders being made and could hinder future growth. If manufacturers are indeed putting the brakes on, then suppliers will need to also be cautious in setting credit policies.
See more about this at The Guardian, Page: 23 Independent I The Times, Page: 35
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