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Friday Brief Archive

2020

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Newsletter Listing intro for week 11

Good morning and welcome to this week’s Friday Brief.

Renishaw’s Chris Pockett featured on Victoria Derbyshire’s BBC 2 show yesterday morning giving manufacturers reaction to the budget. Chris took the chance to talk about MACH 2016, you can view the interview here http://www.bbc.co.uk/iplayer/episode/b072zdbm/victoria-derbyshire-17032016 (skip to 14minutes in to view).

“Boring budgets are good for Chancellors” muses the MTA’s Head of External Affairs Paul O’Donnell when looking at what tricks Mr. Osbourne pulled out of his red box this week. Read the MTA’s assessment below.

We have a full update on the Learning and Development Zone at MACH 2016 and all the fantastic MTA member companies who have provide apprentices and equipment. The L&D Zone is a key fixture of MACH 2016 and aims to encourage the next generation of engineering talent into the manufacturing industry.

A conference will be held in London next month (11th- 12th April 2016) highlighting the New Prospects for British-Iranian Trade and Investment. MTA members can receive a discount on attendance, details can be found within the Brief.

It has been National Apprenticeship week this week and around 120 youngsters, aged 12 to 14, took part in an Engineering Extravaganza. Organised by four professional engineering institutions as part of British Science Week and staged at the University of Sheffield Advanced Manufacturing Research Centre’s Knowledge Transfer Centre. Find out details in the story below.

UKTI would like members to fill in this survey to help them to identify barriers to trade and investment in Mexico – https://www.surveymonkey.co.uk/r/UKTI_market_survey.

From April 2016, all workers aged 25 and over are legally entitled to at least £7.20 per hour. Employers are advised to take four steps to be ready for the change, find out what they are below.

The latest data on manufacturing output in the UK followed the usual pattern with a small reduction overall, with diverging trends for the key industry sectors; there was a small dip in the Automotive sector, but this is more a reflection of a couple of exceptional months at the end of 2015 and may have more to do with the pattern of seasonal adjustment than any real trend.  In contrast, there was a sharp leap in industrial production in Europe in January and while we need to be careful not to read too much into one month’s figures, it was also encouraging to note that of the sub-sectors within manufacturing, it was capital goods output that led this growth.

That’s all for this week, we’ll be back next Thursday to ensure you get all the latest industry news before the Easter break.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK Index of Production, January 2016:  According to the latest data from the Office for National Statistics (ONS) total manufacturing output in the latest 3 month period (November and December 2015 and January 2016) was -0.2% lower than in the previous 3 months (August, September and October 2015) and -1.0% down on the same period a year earlier (November and December 2014 and January 2015).

UK BUSINESS SURVEY: IDENTIFYING BARRIERS TO TRADE AND INVESTMENT IN MEXICO

UK BUSINESS SURVEY: IDENTIFYING BARRIERS TO TRADE AND INVESTMENT IN MEXICO

The UK government is planning to hold government-to-government (G-2-G) trade talks (typically known as Joint Economic and Trade Committees) this year with Indonesia, Saudi Arabia and Turkey.  The aim of these bilateral dialogues is to strengthen the UK’s economic, industrial and commercial ties with these partner countries.

Engineering Extravaganza excites youngsters about the possibilities of a career in manufacturing

Engineering Extravaganza excites youngsters about the possibilities of a career in manufacturing

School students have risen to the challenge to show whether they have the skills to engineer tomorrow’s world.

Around 120 youngsters, aged 12 to 14, took part in an Engineering Extravaganza, organised by four professional engineering institutions as part of British Science Week and staged at the University of Sheffield Advanced Manufacturing Research Centre’s Knowledge Transfer Centre.

World Nuclear Exhibition (WNE)

World Nuclear Exhibition (WNE)

Following on from its successful launch, the World Nuclear Exhibition (WNE) will be held for the second time from 28th to 30th June 2016 at Paris Le Bourget, hall 2B.

Larger and more international, it will occupy 50% more space and is expected to attract over 10,000 visitors from all around the world.

The Iranian Trade Conference – New Prospects for British-Iranian Trade and Investment

The Iranian Trade Conference – New Prospects for British-Iranian Trade and Investment

A “Iranian Trade Conference – New Prospects for British-Iranian Trade and Investment’, will take place on 11th – 12th April, in London.

MTA members are eligible for a 10% discount from the appropriate delegate fee – see discount code at foot of this email.

“I hope British businesses seize the opportunities available to them through the phased lifting of sanctions on Iran; the future is as important as the landmark we’ve reached today.”

Boring budgets are good for Chancellors

Boring budgets are good for Chancellors

The financial crisis is often said to have started with the collapse of US Investment Bank Bear Stearns on March 17th 2008. To be in a position, one day short of eight years later, to be able to deliver one of the least momentous budgets of living memory may rank as a definite achievement. There were no crisis to deal with and few eye catching measures. When a tax on sugary drinks is commanding the headlines you know there hasn’t been much that needed to be washed down with something stronger.