Lord Taylor of Warwick – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Taylor of Warwick on 2016-04-26.

To ask Her Majesty’s Government what assessment they have made of the recent data from Begbies Traynor showing that the number of British manufacturers that are struggling financially has risen by 20 per cent.

Baroness Neville-Rolfe

We have not made an assessment of this report. The UK has some of the best manufacturing in the world, and we are focussed on a competitive tax regime and supporting science and innovation to make the UK an even better place to do business. There are a number of global headwinds which are currently placing significant pressures on UK manufacturing, making it more important than ever that we stick to our long term economic plan for sustainable growth.