Good morning and welcome to this week’s Friday Brief.
Some unequivocally good news to start with: the MTA is pleased to announce that for the fifth consecutive show Lloyds Bank will be the headline sponsors of MACH 2020. The exhibition will showcase the latest in manufacturing technologies, with Lloyds Bank's involvement being a pivotal part of the event.
It’s been another fraught week in Brexitland; though the developments in Brussels overnight forestall the prospect of the UK crashing out without a deal on the 29th of March they have not taken the prospect of ‘No Deal’ of the table. That can has merely been kicked a little further down the road. The Government has published a lot of guidance; you can find some of the most relevant bits to MTA members collated here on the MTA website.
One recent development has been confirmation that all companies exporting potential dual use equipment to the EU will, in the event of No Deal, require an export licence. We have further information on this, and links to the relevant sites to help you register and avoid falling foul of the regulations in the story below.
The MTA has consistently pushed for an outcome that keeps the UK as close to the single market as possible and avoids No Deal. We’re supportive of the joint position taken by the CBI and the TUC yesterday, available here that if the Prime Minister’s deal does not pass then a plan B must be worked up, with cross party involvement if necessary.
One person who has made sense of Brexit was Professor Anand Menon when he spoke at our recent AGM. He will be talking to the All Party Manufacturing Group, of which MTA is a member, in Parliament on the 3rd April 4:00-6:00pm. If you’re interested in attending this event please get in touch with the MTA’s Head of External Affairs, Paul O’Donnell (email@example.com) - places will be limited.
Once again, we have partnered with National Sales Conference because the MTA is passionate about Continuing Professional Development (CPD) and investing in people. Held at the Ricoh Arena on the 28th November, the MTA has secured a 20% discount for our members to attend, see the below story to access the discount code and register.
CECIMO, of which MTA is a member, of have just published their Additive Manufacturing Activities Report 2018. To find out the report’s findings please see the story below.
We ask for your support of the annual fundraising auction in aid of Development Nepal (DN), a UK registered charity that facilitates community-led work with the poorest communities in Sunsari district, east Nepal. As a result of DN's work, over 5,000 people in 60 communities have seen improvements in levels of literacy, household income and access to key opportunities for a more secure future. Find out how you can get involved in the story below.
Some more news from our official MACH 2020 sponsors: small businesses across England will benefit from over £9 million support to recruit and train apprentices by 2022 as part of a new commitment by Lloyds Banking Group. The total support package, £9million, is the largest financial commitment across all UK businesses. The Group will commit 25% of its Apprenticeship Levy Fund from April directly to local small businesses to fund apprenticeships across various sectors to further support the UK economy grow. Read more about this within the Brief.
We have an update on what technology will be on show at EMO 2019 in Hannover. The organisers are highlighting how high-quality sensor data is a crucial requirement for Industry 4.0 and sensor technology is a key mechanical engineering component, find out more below.
One of the MTA’s charity partners, Mission Motorsport, had some great news this week. Major players from across the automotive industry, including Jaguar Land Rover and Westway Nissan, launched a new initiative to help service leavers and veterans take up jobs in the motor industry. Backed by the Ministry of Defence and the Royal Foundation, ‘Mission Automotive’ will help veterans with specialist skills find jobs in a range of roles across the automotive sector, including in engineering, manufacturing, infrastructure and logistics.
The latest data from the CBI Industrial Trends Survey is probably best summed up as “OK” - it could certainly be better, but with orders books and output both broadly neutral, the situation is far from a disaster. The principal issue is that the drags on output come mainly from those industries who are customers of MTA members, namely mechanical engineering (machinery) and motor vehicles & transport equipment. We see something similar in the latest report from the Bank of England Agent’s who note a slowing in manufacturing output growth for both the domestic and export markets, with the Automotive industry the main concern in both cases. Worryingly, the Agent’s score for investment intentions in the manufacturing sector fell to its lowest level in 9 years. The Bank’s report also contains the results of their latest survey on companies preparations for Brexit; this shows an increase in the proportion of companies who had started to prepare for a “no-deal” exit. While expectations about the fall in output and employment from a “no-deal” Brexit had eased slightly (although a fall is still anticipated), investment in the UK is expected to fall more sharply than in their previous surveys should we crash out of the EU without a deal.
Also this week, we take a look at some data on trade (exports/imports) of goods. For the UK, this is the ONS’s regular analysis of trade by industry which illustrates the importance of our 4 key industries in the UK’s trading position. We also report on data from Eurostat which looks at the key trading partners both for the block as a whole - where the USA and China dominate - and for the individual countries; here it is Germany which is the key country for a majority of the Member States.
That’s all for this week, we’ll be back next Friday with more industry news and views, until then have a great week from everyone at the MTA.