27 Mar 2023 --- UK Chancellor Jeremy Hunt presented his Spring Budget just under two weeks ago, laying out tax and spending policies for the year ahead. While R&D is being heavily incentivized in the budget, key industries – such as Britain’s plastic sector – have not been prioritized despite playing a major role in the country’s economy and environmental sustainability ambitions. The plastics sector is the second biggest industrial employer in the UK, according to the British Plastics Federation (BPF). It has an annual sales turnover of over £27 billion (US$33 billion) and employs approximately 182,000.
