(MENAFN) British government is being heavily advised by experts to reduce the tax burden on struggling manufacturers to stem the disastrous deterioration of the United Kingdom's industry.
In particular, the experts called on the conservatives to introduce a single-digit rate of taxation for lagging manufacturers in a last-ditch attempt to save British industry from a deadly drop.
Export industries for the nation continue to struggle, with exports falling to their lowest level since June, thus the manufacturing industry now accounts for less than 10 percent of the economy.
"To maintain, or grow manufacturing, one needs a constant stream of investment as plants grow old and products grow old. New plants and new products need investment," said a top economist.
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