Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures.

The call comes after a Make UK survey showed growth and orders slowing significantly with exports close to a standstill.

Make UK has made recommendations for measures the government can introduce now to address rising business costs, including:

• waiving or reducing business rates for the next 12 months
• implementing VAT deferrals for larger businesses and waiving completely for SMEs
• temporarily freezing the Climate Change Levy
• reviewing the efficacy of the business interruption loan schemes introduced during the pandemic and deploying a successor scheme
• extending the 130% super-deduction tax break, due to end in March 2023
• making the increase in the Annual Investment Allowance (AIA) permanent.

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