The UK Ministry of Finance has said in a statement on Thursday that extend the £ 1 million tax break to stimulate investment in the country’s manufacturing sector.
In addition, the annual investment allowance of £ 1 million will run until January 1, 2022, has added the Ministry.
This occurs after the broader British industrial sector has seen a slowdown in recovery momentum In September.
Manufacturing production reached 0.2% month-on-month in September versus 1.0% expected and the 0.7% reached in August, while total industrial production reached 0.5% compared to the 0.8% expected and 0.3% from the previous month.
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Credits: Forex Street
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