An award-winning business has said manufacturing confidence was likely to remain low for some time in the wake of the announcements in The Budget.
Bosses at Telford commercial cheese and dairy specialist Bridge Cheese had mixed views on the Budget with Managing Director Michael Harte saying the increase in National Insurance payments for employers, coupled with pessimism about the state of the UK economy, would undoubtedly have an impact across the sector.
“The focus on innovation and commitment to making Britain a clean energy superpower, is certainly a move in the right direction. Time is running out to save this planet for our children and we simply cannot sit back and ignore the science. “But the Chancellor’s measures look likely to add more cost to business rather than reduce it and make investing in that growth much more difficult. We had already seen business confidence fall at the fastest pace for nearly five years last month, and I’m not sure yesterday’s announcement will turn that around.”
The medal haul – the company’s best in its six-year history – comes after the company was crowned champion for excellence in manufacturing and engineering at Shropshire Chamber’s business awards.Meanwhile, Wayne Carter, managing director of leading steel fabrication firm Fabweld Steel Products in Telford, said the Budget needed to re-assure manufacturers that they would be supported to grow.
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