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Friday Brief

Good morning and welcome to the Friday Brief for this week.

With the Coronavirus lockdown conditions set to be eased on Monday, the pick-up in economic activity is expected to gather pace. Later today, we will have an announcement from Chancellor Rishi Sunak about the future of the Job Retention, or furlough, Scheme. You can read more detailed speculation in the story below but, we think it is likely that, as of the beginning of August, the scheme will require a 20% contribution from employers, get an element of flexibility for part timers, and be closed to new participants. Look out for updates early next week.

Members who operate laboratory or research facilities may be interested in a free Government webinar on Monday, on how to operate safely at the this time, details below.

One of the things that has been positive about the last few months is the way in which engineering firms have stepped up to meet the challenges posed by the Covid crisis. We at the MTA are supporting a campaign, started by some of the engineering trade media, to get firms the recognition they deserve. You can find out in the story below or through #EngineeringHeroes on social media.  We’ve also got a look at what MTA member company MSP has been doing during the Covid 19 crisis.

CECIMO is proposing an ambitious Manufacturing Recovery Plan that aims to restore production and investment levels, the flows of good, capital and people combined with EU investment funds to put industry back on track. You can download the Plan in the story below.

Staying in Brussels, MTA President Marcus Burton, who also Chairs CECIMO’s Economics Committee, will be taking part in a webinar on the new UK/EU relationship on the 4th of June – you can find out how to watch it in the story below.

That’s all for this week, enjoy the sunshine.

MSP during COVID

MSP during COVID

MTA member, MSP, has been adapting its products and services to ensure customers can keep up production in the current climate.

MSP advises global manufacturers on the automation of each stage of their production cycle and guarantees that perfect parts are produced, every time. MSP assesses the CAD design, fixturing, calibration, condition of supply and probing routines, right up to inspection - highlighting and removing errors throughout.

Job Retention Scheme

Job Retention Scheme

Earlier in the month, when he announced the extension of the Job Retention, or Furlough, Scheme to October, Chancellor Rishi Sunak said that he would expect employers to start paying something towards it from the beginning of July. That something seems likely to be 20% of an employee’s salary, the Government will continue to pay 60% so the employee will continue to receive 80% up to a cap of £2,500. It is worth noting that NIC and pension contributions are likely to have be restarted too

CECIMO Manufacturing Recovery Plan

CECIMO Manufacturing Recovery Plan

In order to ensure an effective EU response to the coronavirus crisis that would pave the way to a fair socio-economic recovery, the European Commission published a recovery plan for Europe. CECIMO welcomes the EU Recovery plan - Europe's moment: Repair and Prepare for the Next Generation and we believe that a full recovery of the Machine Tool industry is essential to repair and revitalize the European Single Market.

UK/EU Future Relationship

UK/EU Future Relationship

Three and a half years after the referendum, the United Kingdom left the European Union on January 31st, turning Brexit into a reality. But the relationship between the two sides remains largely undefined, and the remainder of 2020 — the transition period — will be critical in negotiating a trade agreement. Governments on both sides are attempting to lead intense negotiations as they struggle with the constraints and uncertainty of the COVID-19 pandemic.

Engineering Heroes

Engineering Heroes

One of the really positive things about the Covid Crisis has been the way in which the engineering and manufacturing sectors have stepped up to provide medical and other equipment at a time of dire need.

Like us, you probably hope that these efforts will be properly recognised and help to shape the public perception of manufacturing and engineering for years to come. Here at the MTA we want to do something to make sure this happens.