Budget submission 2014

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In our submission ahead of Budget 2014 EEF is calling for the Chancellor to support the recovery in investment and exports with actions to tackle escalating industrial energy costs.

The outlook for the UK and manufacturing has continued to improve in recent quarters. More manufacturers are planning for growth across their business in the year ahead as demand in domestic and overseas markets picks up and as companies’ actions to target new export markets and develop new products pay dividends.

Supporting this recovery is crucial; UK manufacturers are growing increasingly concerned about rising energy costs and their impact on the competitiveness of the UK business environment.

This submission sets out our recommendations for policy action from government.

Author

Chief Economist

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