Speaking in Wales Questions Antony Higginbotham raised the aerospace sector and the benefit for areas like Burnley and Paidham of the new Super Deduction. It means local businesses in everything from aerospace to construction are incentivised, through the tax system, to invest in new equipment and machinery – boosting their productivity, creating jobs and powering up our local recovery.
Speaking the House of Commons he said:
In north Wales, just as in Burnley, there is a strong and proud aerospace manufacturing sector. Does my right hon. Friend agree that the Chancellor’s super deduction, announced at the Budget, could be transformational for that sector, allowing it to invest in equipment and machinery that will create jobs and boost productivity?