 |
answer text |
<p>The Government continues to work towards leaving the EU with a deal, which will
allow us to honour the referendum, while also protecting jobs and our economy. The
government is committed to providing the right economic environment for businesses
to invest and grow.</p><p> </p><p>Businesses will also benefit from recently announced
tax measures such as the introduction of a new allowance for the construction costs
of new qualifying non-residential structures and buildings, which will provide billions
of pounds of additional relief for UK businesses. The Government has also increased
the Annual Investment Allowance from £200,000 to £1 million for two years, significantly
increasing the amount of relief businesses receive on qualifying investment in the
first year.</p><p> </p><p>Additionally, our modern Industrial Strategy sets out a
clear plan for how we can boost productivity throughout the UK, including increased
public investment in infrastructure and R&D. At Budget 2018 we increased the size
of the National Productivity Investment Fund to £37 billion and since 2010 there has
been £600 billion of capital investment including in roads, rail, digital and skills.</p>
|
|
