“Some manufacturers were concerned that any plans will be light on how to support parts of the more traditional economy that make and export products in complex supply chains that have already been hit by Brexit.
The “plan for growth” will highlight a number of priority areas, although two people familiar with the work done so far said that it was more likely to focus on a vision for the future rather than yield specific policy or regulatory changes.
One official added that teams have only had since the start of the year to come up with as detailed a document as possible to map out the UK’s future after the pandemic. Ministers are looking for ideas about how to help kickstart and rebuild the economy post-pandemic after more than a year in full or partial lockdown.”
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Specifics of this plan for growth will include increased corp tax, but definitely no tax barriers for outsourcing work abroad - they could have made such expenses non-corp tax deductible for example, with extra 20-30% duty to take into account loss of local tax
The “plan for growth” will highlight a number of priority areas, although two people familiar with the work done so far said that it was more likely to focus on a vision for the future rather than yield specific policy or regulatory changes.
One official added that teams have only had since the start of the year to come up with as detailed a document as possible to map out the UK’s future after the pandemic. Ministers are looking for ideas about how to help kickstart and rebuild the economy post-pandemic after more than a year in full or partial lockdown.”
Subscribe to read | Financial Times
Specifics of this plan for growth will include increased corp tax, but definitely no tax barriers for outsourcing work abroad - they could have made such expenses non-corp tax deductible for example, with extra 20-30% duty to take into account loss of local tax
