Britain’s manufacturers have launched their business manifesto ahead of the general election and called on all political parties to focus on a better quality of debate surrounding the future of manufacturing, rather than constantly blaming each other when job losses occur.
Publishing the manifesto, EEF – the manufacturers’ organisation – believes that, too often, politicians only take an interest in manufacturing when bad news occurs. Instead, they should focus on the importance of manufacturing in a high value, high skill economy and its value in creating wealth.
“We don’t hear nearly enough from the political parties about the future potential and importance of manufacturing. Too often we only hear a debate when bad news occurs and a national icon such as Rover is under threat,” said EEF Director-General, Martin Temple.
“It is in this context that the political and economic debate should be set as to how the
EEF also warned that business must not be seen as an easy target for any tax increases in the next Parliament, which would only serve to damage the competitiveness of the
EEF believes that the
Business has borne more than its fair share of tax increases, with the total tax burden rising by £7.7 billion since 1997. Particularly worrying for manufacturers is that the bulk of these taxes have affected their cost base and are hard to pass on to customers. A combination of higher national insurance payments and environmental taxes mean cost based taxes have increased by £5.5 billion.
The manifesto, published together with five other major trade bodies across the manufacturing spectrum, comes ahead of the launch of the Labour and Conservative business manifestos.
According to the EEF, key priorities for the next Government should include supporting manufacturing investment by ensuring a competitive