A round up of other news this week.
Mark Essex, Director within Corporate Affairs at KPMG in the UK, has written an article, Reimagine property taxes, which describes a new approach to taxation and how it could improve funding for infrastructure and social care while taking some of the heat out of the housing market.
The latest UK Manufacturing PMI figures paint a very disappointing picture given that they mark a 25-month low whilst jobs are virtually at a standstill, as commented on by Stephen Cooper, Partner and UK Head of Industrial Manufacturing.
Justin Benson, Head of Automotive at KPMG in the UK, commented on the Society of Motor Manufacturers & Traders (SMMT) car manufacturing figures for July, stating “SMMT numbers come after recent historic highs for production levels in the UK. So some levelling out is not unexpected, particularly as the industry enters a hugely disruptive period with electric, connected and autonomous vehicles entering the market over the next few years”.