You might think that putting the terms ‘UK’ and ‘manufacturing’ in the same sentence was a thing of the past. But according to the BBC “the UKs factories are booming again”.
But why should an Accounting blog take such a keen interest in manufacturing?
Each month we focus on a sector of British industry to promote, encourage and support the growth of all things British and all things small business.
This month we are focusing on the British transport industry. If you missed the last series of Top Gear they had a similar investigation to find out just how much Britain invests in its transport. British transport manufacturers we’re invited to showcase their products in London and the collection included cars from Honda, Rolls-Royce, Land Rover, Mini, JCB, Formula 1 cars from McLaren, Red Bull and Mercedes-Benz, as well as ice cream trucks and lawn mowers; showing the world that British manufacturing is still going strong.
But could it be stronger still and what impact do overseas manufacturers have?
In some countries around the world there are heavy taxes for imported cars and car parts to encourage residents to buy from local manufacturers. You only have to look out the window to see the vast array of foreign manufacturers the UK, so the question is; would Britain benefit from increasing the tax on imported cars?
We are accountants, so we will always lean towards a financial analysis – it is as simple as that. So, if you like how we think and want to find out more about how we work; please get in touch.
Top Gear’s feature on the British motor industry;