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Friday Brief Archive

2020

Week 27

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Friday Brief

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

It’s been another crazy week in Parliament and with a Deal still not in place the prospects of the UK leaving without one should not be discounted. Head of External Affairs Paul O’Donnell has written a little on the votes and also highlights a new consolidated version of the Government’s No Deal preparation guidance.

This year’s MTA Spring Update presentation will be held on Tuesday 30th April at the premises of Fanuc UK in Coventry.  Andy Goodwin from Oxford Economics will give an overview of the economic situation, including, of course, some estimates of the impact of Brexit - whatever that might be! - and the MTA’s own Geoff Noon will talk delegates through the outlook for the manufacturing and engineering industries.  This year will also feature a technology update from the MTA’s Technology Manager, Josh Dugdale. You can register for this event via the MTA web-site at https://www.mta.org.uk/event/mta-spring-economic-update  - we look forward to seeing you there!

Siemens are holding a free to register, Digitalisation event – ‘Digital Talks – Transforming Industry Together’ on the 11th June at the Arena and Convention Centre, Liverpool Waterfront. Find out what is on the agenda for the day and how you can register to attend in the story below.

umati, universal machine tool interface, has chalked up further major successes on its way to becoming an internationally recognised standard interface for machine tool communication with higher-level IT systems. Find out more in the story below and if you’re attending EMO this year there will be a product showcase launch at the exhibition.

The EPHJ-EPMT-SMT Show is known worldwide for the quality of exhibiting companies and for the diversity of innovations presented. The players in three sectors (watchmaking, jewelry, micro-technologies and medtech). The exhibition runs from 18th – 21st June in Geneva.

According to the Government’s Cyberaware initiative, in nearly three-fifths (57%) of businesses experiencing recent cyber attacks, the most disruptive was reported directly by staff, rather than picked up automatically by software.  Having an individual whose job role includes cyber security is directly linked to a faster response. However, research shows that only 35% of businesses have staff whose job role includes internet security or governance, despite two thirds (68%) saying cyber security is a high priority. There are useful links to information to protect yourself in the story below.

Congratulations to the are due to the AMRC Training Centre where, according to a new Report by Ofsted ‘An inclusive culture of high expectations sees apprentices challenged and supported to achieve their full potential’. The report published this week said there has been a ‘relentless focus’ on improving the quality of education apprentices receive at the training centre and weaknesses identified at a previous inspection had all been successfully addressed.

We have a new Edition of the CECIMO Toolbox. This newly revamped resource contains a round-up of data for Europe based on the 5 themes: Historical data for the sector - trends such as trade and orders; Demand, including the consumption and orders forecasts from last Autumn; Investment which includes data on capacity utilisation and bank lending; Business climate with a summary of PMI’s and CECIMO’s own Barometer survey; General indicators for GDP, inflation and exchange rates. It is invaluable for anyone who want to understand the European market for manufacturing technology and you can download the toolbox from the CECIMO’s brand new website at www.cecimo.eu/economic-data/toolbox/ or request it from MTA.

There was nothing too dramatic in the UK national accounts that were published this morning with the ONS confirming that the economy grew by +0.2% in the 4th quarter of 2018 to give an unrevised growth rate of +1.4% for 2018.  The more interesting information came from the detailed investment data that is part of this release which showed that while business investment overall fell by only -0.4% in 2018, spending by the manufacturing sector fell by -1.1% and, within that total, the engineering & vehicles industries saw a reduction of -2.7%.  The European Commission’s Economic Sentiment Indicator showed another fall in March and although the pace of the reduction has eased, it is concerning that the downward trend is being led by the industrial sector, with a sharp reduction especially in Germany a cause for concern.  Also this week, we take a look at some headline data for R&D spending in the UK in 2017.  

That’s all for this week, we’ll be back next Friday with more industry news and views, until then have a great weekend.

SPRING ECONOMIC UPDATE

SPRING ECONOMIC UPDATE

Our Spring Update presentation this year will be held on Tuesday 30th April at the premises of Fanuc UK in Coventry.  As in the past couple of years, Andy Goodwin from Oxford Economics will give an overview of the economic situation, including, of course, some estimates of the impact of Brexit - whatever that might be! - and Geoff Noon (MTA) will talk delegates through the outlook for the manufacturing and engineering industries.  The event will concentrate on the UK situation although, of course, it won’t entirely ignore global events.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK National Accounts and Investment data, 4th Quarter 2018:  In the UK National Accounts published today by the Office for National Statistics (ONS), the UK economy was estimated to have grown by +0.2% compared to the previous quarter.  Despite an upward revision to growth in the 3rd quarter (to +0.7%), the growth rate for 2018 as a whole was unrevised at +1.4% which along with 2012, is the slowest growth this decade.

Another week in Brexit…

Another week in Brexit…

This week saw yet more Parliamentary novelty as MP’s took control of the agenda from the Government for a day. In an exercise designed to identify where a consensus might lie, they managed to vote against all eight of the Brexit outcomes put before them. The closest motion to passing was that in the name of Ken Clarke, in favour of a Customs Union, which got within eight votes of a majority. That might indicate that a further round of voting on the options on Monday could see it over the line.

Siemens Digital Talks Event

Siemens Digital Talks Event

Siemens are holding a free to register, Digitalisation event – ‘Digital Talks – Transforming Industry Together’ on the 11th June at the Arena and Convention Centre, Liverpool Waterfront, L3 4FP.

After the success of last year’s event, Digital Talks 2019 promises to be bigger than ever. 

Why attend:

•           Experience the benefits of digital technology at every stage of the manufacturing lifecycle: Hear about it, see it, touch it, apply it to your scenario – all at one event

A relentless focus on quality education

amrc
A relentless focus on quality education

An inclusive culture of high expectations sees apprentices challenged and supported to achieve their full potential at the University of Sheffield’s AMRC Training Centre, according to a new report by Ofsted.

The report published today said there has been a ‘relentless focus’ on improving the quality of education apprentices receive at the training centre and weaknesses identified at a previous inspection had all been successfully addressed.

High-precision international meets in Geneva!

High-precision international meets in Geneva!

One of a kind, the EPHJ-EPMT-SMT Show is known worldwide for the quality of exhibiting companies and for the diversity of innovations presented. The players in three sectors (watchmaking, jewelry, micro-technologies and medtech), whose synergies are no longer to be found, meet every year in Geneva to confront the market and present their products or services to some 20 000 professionals visitors from 5 continents. Known for its concentration of innovations, the EPHJ-EPMT-SMT Show is well-known, above all for its ability to allow more than 800 exhibitors to develop new business.

Small businesses should empower staff to become ‘cyber security champions’ to protect against cyber attacks

Small businesses should empower staff to become ‘cyber security champions’ to protect against cyber attacks

Staff vigilance is vital in the prevention of cyber attacks, and small businesses should consider training their staff to equip them with the skills needed to protect their cyber security from hackers. 

This week, the Government has called for employers to empower more staff to become ‘cyber security champions’ and equip them with the skills to spot and prevent a cyber attack with confidence, so the following sets out the best way to do this.

Choosing a cyber security champion