SMMT statement on Growth Plan

The SMMT have released a statement on the Growth Plan which was announced by Chancellor Kwasi Kwarteng today.

Mike Hawes, SMMT Chief Executive, said:

“The Chancellor’s Growth Plan opens the door towards an automotive recovery with encouragement for investment and tax cuts designed to rebuild consumer confidence. We look forward to further action in the months ahead to tackle wider, long-term reform to enhance the automotive industry’s international competitiveness, including a review on business rates, tackling long term energy costs and encouraging investment in new skills – enabling the sector to deliver growth in trade, jobs, and decarbonisation.”

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