Commenting on the speech by the Chancellor of the Exchequer, Terry Scuoler, Chief Executive of EEF, the manufacturers’ organisation, said:
“By focusing on Britain's productivity crisis the chancellor has identified one of the key challenges facing UK industry, aside from Brexit, which must be resolved. He is also moving in the right direction by committing to infrastructure, skills and innovation. Now he needs to demonstrate the detailed commitment to solving these problems in the Autumn Statement and, through a new industrial strategy.
“In the short term, focus should be on plotting a sensibly balanced course through the Brexit negotiations and injecting reassurance, and fiscal support, if uncertainty among manufacturers threatens to torpedo investment. This should include a more pragmatic tone on Brexit which continues to focus on access to the single market, together with the ability to employ and deploy labour to meet our skills requirements.”