Manufacturing could be set for a budget boost

Coinslot Philip Hammond economy budget
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Speculation is growing that recently appointed chancellor of the exchequer, Phillip Hammond, will unveil a major boost for British manufacturers during his upcoming Autumn Statement.

Due to be announced on 26 November, Hammond’s first budget since being appointed to Theresa May’s cabinet is rumoured to include major investment in transport and manufacturing – two vital components of the coin-op economy. The plans will also include extending the ‘northern powerhouse’ concept spearheaded by his predecessor George Osborne.

Manufacturing trade association the EEF has welcomed the news, telling the Guardian that, “given the importance of manufacturing to the economy it’s vital that we educate all stakeholders about its real value and contribution to growth. This is especially important in a post-Brexit world where we have to look at all new avenues of generating growth and investment.”

Bolstering the UK’s manufacturing economy is seen as one way of securing the economy post-Brexit and any meaningful investment in this sector could create a number of opportunities for gaming, amusements and cash handling businesses to grow their presence in the market.

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