BUSINESS


tion of R&D tax credits; for clarification of the likely im- pact of a reduction of Capital and Investment Allowances on manufacturing firms; and for better promotion of UK trade. Specifically,


the study


showed that 27 per cent of respondents didn’t export at all, while a further 15 per cent only made 10 per cent or less of their turnover from international trade. However, a third (34 per cent) exported more than half their turnover, while 39 per cent exported under half, and a fifth (20 pr cent) exported under 20 per cent. Some 46 per cent of export- ers said that their export vol- umes had grown during the past five years, while only 11 per cent said they had


Do You...


Need someone to provide a complete range of accounting and business solution from bookkeeping and payroll to charity accounts and audit?


We also have a dedicated IT department with 3 qualified and experienced staff to solve almost any computer problem you have.


Visit our website today at www. raclement.co.uk for more details and read our daily news updates - a very fast way to keep up with ever changing legislation!


shrunk. For 41 per cent, ex- port volumes have held con- stant. Eight out of 10 firms (82 per cent) saw export controls as an issue for their manufac- turing and export potential, followed by the price of ster- ling, regulation and access to finance. To help boost export drives, UK manufacturers said they want continued low interest rates (38 per cent); better export support from the Gov- ernment (33 per cent); and improved access to growth capital (22 per cent). David Frost, the BCC’s di- rector general, commented: ‘Britain’s manufacturing industry is alive and well; strong, productive and in- novative. No longer the Cin- derella sector, it is the pow-


erhouse of the UK and will play a vital part in securing our future economic growth. ‘But this revival has to be lasting and sustainable. The Government must prescribe the right policies to encour- age growth and allow manu- facturers to export their way out of the recession.’ Mr Frost pointed out that British exports haven’t grown as predicted, despite the competitive valuation of ster- ling, and added that industry needs to become far more proactive when it comes to exporting. But while businesses must look for export opportunities for their products - especially in high-growth developing markets - Mr Frost also ar- gued that the Government must play its part too.


Do You...


Need some advice on retirement planning?


Want someone else to complete your tax return?


Think you might need an audit but are not sure what the regulations stipulate?


Want help deciding on software to fit your business requirements?


Then call Helen on (01631) 562 643 and she will make an appointment for you to see one of our friendly professionals. Your first consultation is free so phone now.


31


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44