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Newsletter Listing intro for week 12

Welcome to the Friday Brief for 21 March 2014.
First up this week, a Stop Press, as this morning saw the 600th Exhibitor, Axminster Tools & Machinery, confirmed for MACH 2014! That’s a 20% increase in numbers over 2012. That 20% figure also applies to the latest pre-registrations for MACH 2014 too.

The national news this week was dominated by the Chancellor’s Budget. For manufacturers the highlight was the doubling of the Annual Investment Allowance to £500,000. The MTA has long campaigned for a fairer capital allowances regime for manufacturers and we were very pleased by the Chancellor decision. But (there’s always a ‘but’…) while the rate change is welcome it has only been promised until the end of 2015. This is not helpful to long term business planning and the MTA will continue to press for the change to be made permanent.

The MTA’s quarterly Economic Report is out and members can download the document from this week’s Brief. On the economic data front this week we see that in terms of UK trade in goods by industry for 2013 the Office for National Statistics (ONS) shows that exports of advanced engineering products were +6.2% higher than in 2012 at £128.6 billion, while imports were worth £161.0 billion, also +6.2% higher than in the previous year.
We have an invitation from a German manufacturer looking to source automotive parts from the UK; full details are in the Brief. The Department for Business Innovation & Skills has also issued guidance on the WEEE regulations, so check out our story to see if your products are included.
Finally, the MTA’s 2014 TDI Challenge has been announced and entries are now welcome. Do encourage your contacts in education and training to entry as there is no additional work involved and a lot to be gained.

Have a good weekend.

BIS issues WEEE guidance

BIS issues WEEE guidance

The Department for Business Innovation & Skills has issued guidance notes on the implementation of the Waste Electrical and Electronic Equipment (WEEE) Regulations 2013. These regulations apply to all Electrical and Electronic Equipment (EEE) placed on the market in the UK covered by the scope of the Regulations.

When considering the scope of the WEEE Regulations the guidance suggests considering the following three questions:

Is the item EEE? The Regulations contain a definition of EEE in Part 1, Regulation 2 - Interpretation.

TDI Challenge open

TDI Challenge open

The MTA’s TDI Challenge offers school and college students a unique opportunity to showcase their project work to an industry that relies upon the creativity and innovation of its designers and engineers. Entries are now open, so do make your education and training contacts aware of the competition.

Economic data this week

Economic data this week

UK Trade in Goods by Industry, 2013:  Data from the Office for National Statistics (ONS) shows that exports of advanced engineering products were +6.2% higher than in 2012 at £128.6 billion, while imports were worth £161.0 billion, also +6.2% higher than in the previous year.  Focusing on exports, the largest sectors are Automotive products, the Machinery industry and Aerospace;  exports values for these sectors in 2013 were £34.0 billion (+11% up on 2012), 28.2 billion (+1%) and £24.7 billion (+10%) respectively.  The only industries to have a trade surplus are Aerospace (

MTA Economic Report

MTA Economic Report

The latest edition of our quarterly update on the UK economy and the trends for key elements of the manufacturing technology sector and its customer industries is now available for MTA members to download from the attached document.

MACH 2014 exhibitors passes 600

MACH 2014 exhibitors passes 600

The number of MACH 2014 exhibitors has passed the 602 mark this week with Axminster Tools & Machinery taking the figure over 600. We have more good news on the pre-registration numbers for MACH 2014 this week. As of 21 March the total of pre-registered visitors was 20% up on the same stage before the last MACH in 2012.

MTA comments on Budget

MTA comments on Budget

Chancellor George Osborne opened his 2014 Budget statement with the claim that it was one for ‘the doers, the makers and the savers’. If there wasn’t much in way of changes to the main tax rates, with personal tax left as it was and next year’s Corporation Tax cut already long announced, there were some eye catching initiatives aimed at savers. There were several new tax reliefs and a big shake up of the pensions industry, including ending the practice of effectively forcing people to buy an annuity, was announced.