‘ BUSINESSES CANNOT BE THE ANSWER TO EVERY SPENDING PROBLEM’
ROWAN PRECISION CALLS FOR GREATER SUPPORT FOR BRITISH MANUFACTURING.
Karen Harrison, Head of Operations & Glenn Aston, CFO of Rowan Precision
As the UK manufacturing sector continues to face economic pressures, Birmingham-based precision engineering specialist Rowan Precision Ltd is calling for a renewed focus on business investment, employment costs and public spending, arguing that Britain’ s longterm economic growth depends on creating the right conditions for manufacturers to thrive.
Rowan Precision Chief Financial Officer Glenn Aston believes the government must demonstrate its commitment to the businesses generating employment, investment and tax revenues across the UK economy.
For manufacturers, rising employment costs, business rates and wider operating expenses continue to influence decisions on recruitment, capital expenditure and future growth.
Aston believes the government must recognise the cumulative impact of taxation on businesses already managing considerable financial commitments.
“ Businesses cannot be the answer to every government spending problem,” said Aston.“ We understand the importance of funding public services and maintaining sound public finances. Every successful
6 MACHINERY, AUTOMATION, CONTROL & ENGINEERING