Good morning and welcome to this week’s Friday Brief.
The UK’s national manufacturing show, MACH 2020, might still be five months away, but anticipation is building fast and the event is already set to be one of the industry’s highlights of the year.
Members of the media gathered at the National Physical Laboratory in London for the launch of visitor registration for next April’s show. Full details found within the Brief.
We would like to remind members that the MTA AGM will take place on 3rd December at Cutlers' Hall in Sheffield. As well as the usual AGM Business, the event will have the theme of business improvement and feature talks from Margaret Wood, MBE, Chairman, ICW (UK), Christopher Jewitt, Chairman, Footprint Sheffield and Dr. Bryan Allcock, FIMMM, Group CEO, TRL9 Limited. The AGM will be followed by a 3 course lunch, for details on how to secure your place at this event please follow the link https://www.mta.org.uk/event/mta-agm-2019.
The Institution of Mechanical Engineers (IMechE) has awarded the James Watt International Gold Medal for 2019 to Sir David McMurtry, the co-founder and Executive Chairman of MTA member company Renishaw. At a ceremony at The Museum of Science and Industry in Manchester, UK, on November 21st, 2019, Sir David was recognised for his outstanding contribution to mechanical engineering. Congratulations to Sir David from everyone at the MTA on receiving this honour.
The Conservatives have cemented their commitment to no Brexit transition after December 2020, and Labour will axe the RDEC and Patent box schemes.
The latest pointer to confidence published by the European Commission suggests a small improvement in November although this came mainly from the consumer and retail trade parts of the economy, with industry broadly flat. Their bi-annual industrial investment survey showed a significant down-grading for 2019 compared to the April survey, reflecting the situation that has developed during the year – the outlook for 2020 is modest but with a mixture of trends between countries. Profitability of UK manufacturing companies continues to fall and is now at its lowest since the end of 2016. Finally, an economic report on the European industry is available for members form the recent tooling group meeting held by CELIMO.
That’s all for this week we’ll be back next Friday with more industry news and views until then have a great weekend, from everyone at the MTA.