Chancellor should axe all budget statements, say manufacturers

Make UK says limiting big policy changes to one per parliament will give companies more stability

The chancellor should axe the annual spring budget and autumn statement in order to provide greater certainty for Britain’s manufacturing industry, according to the main trade body representing the sector.

The head of Make UK is calling for the twice-yearly fiscal events to be dropped as part of a package of calls for the government to overhaul its policies on taxing and spending.