UK manufacturers call for ‘major MOT’ of business tax and regulation system

Report says many aspects make companies uncompetitive, as chancellor Jeremy Hunt is urged to make reforms

Britain's manufacturers are urging the chancellor, Jeremy Hunt, to announce a major MOT" of the UK's uncompetitive" business tax and regulatory system in his autumn statement next month.

Many aspects of the system are not fit for purpose", the business group Make UK said in a report published in the middle of the political party conference season, and called for major reform as part of an industrial strategy.