Manufacturing News

Manufacturers and engineers need a high level of technical expertise and skill - so do their accountants
Government extends £1 million tax break

Government extends £1 million tax break

HM Treasury has announced that the Annual Investment Allowance (AIA) will remain at £1 million until 1 January 2022.  The AIA allows businesses to claim same-year tax relief for capital investments in plant and machinery assets and was due to revert to £200,000 on 1...

UK manufacturers start to invest in sustainable growth

UK manufacturers start to invest in sustainable growth

UK manufacturers start to invest in sustainable growth Manufacturers are beginning to invest in sustainable growth because of increasing market volatility. Sustainable growth is growth that is ethical, responsible, and repeatable and is vital for the long-term growth...

How has coronavirus affected manufacturing?

How has coronavirus affected manufacturing?

Manufacturing Update: How has the coronavirus pandemic affected the manufacturing sector?   Introduction   In this article, we will be covering how the coronavirus pandemic has affected the manufacturing sector. We will be using data from the Make UK’s...

British manufacturing could revive UK economy?

British manufacturing could revive UK economy?

British manufacturing could revive the UK economy? The UK is now on the edge of the worst financial recession that most of us have experienced in our lifetime. It is not going to be easy to recover from the economic damage of the coronavirus. But it is going to be...

Tax Rates 2020/21

Tax Rates 2020/21

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households During this difficult time for businesses and households, the Bank of England has put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...

Is the UK falling behind in automation and robotics?

Is the UK falling behind in automation and robotics?

Is the UK falling behind in developing automation and robotics? The First Industrial Revolution was led by the UK in 1760 and yet there are serious concerns that the UK is falling behind other countries. This was the conclusion to a report conducted by the House of...

Car Productivity slows down as Brexit Deadline looms

Car Productivity slows down as Brexit Deadline looms

The shutdown of car plants hits UK production around Brexit deadline Car manufacturing declined in November as many car plants slowed down their production due to the previously expected Brexit date of 31 October. If you compare the statistics to November 2018 car...