If NSS was the sort of magazine that went in for cliches it might say this year has reached a perfect storm for machinery sales in the UK. A significantly favourable exchange rate, low interest rates, manufacturers competing for sales because of subdued demand in other parts of the world, a growing economy, pent up demand, a company-friendly government maintaining a high annual investment allowance and offering to pay up to 20% of the price of machinery... What more could you ask for? If you are going to invest, now is definitely the time to do it because conditions are unlikely to remain quite so good for much longer. The Chancellor has already said that while the Annual Investment Allowance, temporarily doubled last year to £500,000 (well, there was an election looming), would not return to the £25,000 it was supposed to be going back to on 1 January 2016, neither would it stay at £500,000. In the Budget after the election he said £200,000 would be more reasonable.
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