Manufacturers call for stability

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The EEF manufacturers' organisation has called for the government to provide secure investment in its pre-Budget report.

The EEF said public finances needed to be restored and support for the UK's productive sectors should continue.

"Failure to do this risks pulling the rug out from under companies" said the EEF's policy director, Steve Radley.

Mr Radley also warned that business should not have to shoulder the burden of higher taxes.

The organisation's recommendations include extending the 40% capital allowances for another 12 months, and freezing the small companies' rate of corporation tax until April 2011.

The EEF represents manufacturing, engineering and technology-based businesses.

The pre-Budget report will be unveiled on December 9th.