Home UK Finance Ministry announces measures to stimulate investment in manufacturing

UK Finance Ministry announces measures to stimulate investment in manufacturing

Published date: 12 Nov. 2020 | 10:57

The UK Finance Ministry said in a statement on Thursday, it will extend GBP1 million tax break to stimulate investment in the country’s manufacturing sector.

Further, the annual investment allowance GBP1 million temporary cap will be extended until 1 January 2022, the Ministry added.

Market reaction

GBP/USD kept its recovery mode intact from daily lows of 1.3161 on the above headlines.

The spot was last seen trading at 1.3187, still down 0.25% on the day.

developing story ….

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