Tax breaks for businesses which use robots urged by committee chaired by Leeds West MP Rachel Reeves

The Chancellor should bring forward proposals for new tax incentives to encourage investment in robots to boost productivity, a group of MPs has urged.
Leeds West MP Rachel Reeves, chair of the Commons Business, Energy and Industrial Strategy Select Committee. Photo: Tony JohnsonLeeds West MP Rachel Reeves, chair of the Commons Business, Energy and Industrial Strategy Select Committee. Photo: Tony Johnson
Leeds West MP Rachel Reeves, chair of the Commons Business, Energy and Industrial Strategy Select Committee. Photo: Tony Johnson

In a new report, the Commons Business, Energy and Industrial Strategy Select Committee warns that if the transition to a more automated workplace is managed badly, entire groups and regions could be left behind and British businesses could find themselves uncompetitive.

The cross-party group of MPs has said that rather than introducing a so-called "robot-tax", the Treasury should actually offer incentives for firms who spend on robotics in the next Budget.Committee chair, Labour MP Rachel Reeves, said the UK is way behind other G7 nations in its adoption of robot and automation technologies.

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