Hello and welcome to the MTA Friday Brief for the 2nd week of December; in a week when it looks increasingly likely that the UK will end its Brexit Transition Period without a trade deal with the European Union, we have a number of stories related to this process as well as other news and information relevant to our industry.
This week also saw the MTA’s AGM which was held on-line; as well as the usual business of the meeting, this marked the end of the term for Marcus Burton MBE as President of the Association. He has been replaced in this role by Andy Hodgson, Strategic Lead: Digitalisation at Siemens and there is more information about this in the article below.
A reminder that when it comes to Brexit, you can find all of our articles at https://www.mta.org.uk/members-area/resources/brexit while those on the Coronavirus situation are listed at https://www.mta.org.uk/members-area/resources/coronavirus. You can find other collections of articles from the Friday Brief in the index on the left-hand side of either of these pages or at https://www.mta.org.uk/members-area/resources.
We also held a very successful webinar which set out the trading arrangements that will apply from 1st January 2021 and we also have details of another event being organised by the Institute of Export & International Trade on VAT. There are also separate Brexit articles on:
- VAT arrangements and the future of trade marks
- Tariffs and UK Trade Agreements
- An update to our UKCA/CE Marking Guide, including details of a CECIMO webinar looking at the topic from a European perspective
In other export related news, we have information on the UK’s launch of the new General Export Facility (GEF) which will provide an 80% guarantee on financial support from lenders to support general export costs up to £25 million.
The main economic news this week was the GDP and output data for October which showed the rate of growth in the UK economy decelerating, although this is concentrated in the service sector (and specifically in the hospitality industry) and manufacturing output actually gathered pace in this period. Also in the past week, we saw the latest update on GDP growth in Europe from Eurostat; this is quarterly data and confirms that, like the UK, Europe had a two quarter recession in the first half of 2020 that was ended by the recovery bounce in Q3.
Both CECIMO and CELIMO - the European manufacturers and importers/distributors organisations respectively - have had meetings/presentations in the past couple of weeks and we provide links to those reports as part of the economic news item. On this theme, CECIMO has also published a new edition of its magazine and you can access this via the article below.
The MTA Business Survey for November will be closing next week but there is still time to let us have your input via the web-site at www.mta.org.uk/mta-business-survey-nov20.
Finally this week, there are two articles related to the Covid-19 crisis. We have a reminder about the new arrangements on the Coronavirus Job Retention Scheme (CJRS), including the deadlines for making the monthly claims for furlough payments and there is also a reminder about the work related stress webinar that the Safety and Health in Engineering Partnership (SHEP) is hosting next Thursday (17th).
We will be back next Friday with more news and information for and about the manufacturing technology – until then, stay safe and have a good weekend.