Thu, 7 December 2023

Newsletter sign-up

Subscribe now
The House Live All
It’s Time To Evolve How The UK Procures Offshore Wind Partner content
UK advertising – the business of creativity Partner content
The future of marine power: are we heading for collision or collaboration? Partner content
By Royal Society for the Protection of Birds (RSPB)
Inclusive by design: how fintech innovation is supporting financial inclusion Partner content
Press releases

BPF response to Spring Statement 2022

British Plastics Federation

1 min read Partner content

The British Plastics Federation has issued its response to this year's Spring Statement.

The BPF welcomes the general thrust of the Spring Statement in its support for investment, innovation, jobs and training. Cuts to fuel duty for businesses is a particularly welcome move. Business rates relief worth £7bn over the next five years, subsidising the cost of high-quality training and adopting new digital technologies through the respective ‘Help to Grow’ schemes, improving the R&D tax credit system to support investment in innovation and a continuation of the increased Annual Investment Allowance from £200,000 to £1m will also provide much-needed help to UK plastics companies.

As an industry committed to minimising our impact on the environment, measures that will allow businesses to write-off some of the costs when investing in qualifying machinery and plant upgrades are encouraging. At a time of uncertainty and well-documented price volatility, reducing the burden on businesses that need to continue investing in innovation to remain internationally competitive while also meeting their environmental obligations is crucial.


Environment Economy
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now