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Friday Brief Archive

2021

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Friday Brief Intro - 5th February 2021

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

While physical events are still on hold, we have a number of virtual events and webinars to tell you about. The first is a round table discussion from the MTA and some of its associate members. This discussion will talk about funding options for members and their customers, with a particular focus on CBILs which are set to end on 31st March. Join us next Tuesday to find out how your business can take advantage.

Our Business support partner Croner are also holding a series of webinars on various HR and COVID-19 related topics, dates and details of these can be found below.

The National Physical Laboratory are also opening their new mechanical test facility on 16th February. If you’d like to join them for this webinar then you can register for free below.

Registration for COVID-19 testing at firms goes live this week with employees at work, who are NOT displaying symptoms able to get lateral flow tests. See if you meet the criteria and details on how to register for the services below.

The draft CEN CWA 'Guidelines for Traditional Micro-SMEs' GDPR compliance’ has been developed and is now available for public commenting on the CEN and CENELEC websites. To get involved see the story below or contact Sami Ortiz via sami.ortiz@mta.org.uk.

In Brexit news this week, we have a message from the Secretary of State for BEIS concerning rules of origin and , in the light of questions we have been receiving, some of these links may be of use to MTA members. Rules of Origin concerns where a product was manufactured and determines the ‘economic nationality’ of a good for international trade.  Businesses need to know about them because the Trade and Cooperation Agreement means they can trade with the EU without paying tariffs - but only if their product meets the relevant Rules of Origin. Further details below.

HMRC have also provided answers to some of the most frequently asked questions on the new trade rules across three subject areas; who can help complete Customs processes, accounting for VAT when located in the UK and exporting goods to EU customers, and accounting for VAT when sending goods from the UK to customers in the EU.

The main economic headlines this week were the Purchasing Managers Index (PMI) figures for manufacturing.  The UK saw its reading slip from the December level but only to a still healthy level of 54.1;  however, it would have been lower but for the distortion from lengthening supply chains - this is interpreted as being positive as it is normally a sign of increased business but it is currently being caused by delays in shipping and the impact of the Covid-19 crisis.  Elsewhere, there is a mixture of trends both between and within the regions of the world and we explore that in the article this week.

The only other economic news this week was the first estimate of GDP growth in the EU for the 4th quarter of 2020;  overall there was a contraction of the economy but, again, there are mixed trends between the countries that have published this data (the equivalent figures for the UK will be out next Friday).

A reminder also that the MTA Business Survey for January is open for your input at www.mta.org.uk/mta-business-survey-jan21 and we would encourage all members to participate in this important survey – it should only take a couple of minutes.

That’s all for this week. We wish you a safe and enjoyable weekend!

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

We launched the January edition of the MTA Business Survey at the beginning of the week.  This survey provides a quick overview of the activity of the manufacturing technology sector and it only takes a couple of minutes to give your input (and you don’t have to answer all of the questions if you don’t want).

National Physical Laboratory (NPL) opens state-of-the-art Mechanical Test Facility

National Physical Laboratory (NPL) opens state-of-the-art Mechanical Test Facility

NPL’s new Mechanical Test Facility enables the early uptake of new materials that supports industrial innovation and aligns with the government’s green recovery programme, boosting jobs, generating economic impact and developing new skills.

NPL has opened its state-of-the-art multi-million-pound Mechanical Test Facility (MTF) which is equipped with a comprehensive suite of the latest Instron mechanical test machines, as part of a valued partnership.

Webinar round table on funding support

Webinar round table on funding support

The Manufacturing Technologies Association is holding a webinar round table on on 9th February at 12:00 how to access funding support.  It is aimed at those wanting to access funding for their own business, and equipment or technology suppliers looking to assist potential customers.

Discussion will focus on how to apply for one of the government schemes, such as CBILS, which remains open for applications until 31st March.

The webinar panel will be chaired by the MTA and feature speakers from:

Guidelines for Traditional Micro-SMEs' GDPR compliance’

Guidelines for Traditional Micro-SMEs' GDPR compliance’

The draft CEN CWA 'Guidelines for Traditional Micro-SMEs' GDPR compliance’ has been developed and is now available for public commenting on the CEN and CENELEC websites

It would be helpful if the MTA members could share whether you would be a potential user of this CWA and whether the approach adopted in the document would be suitable in guiding British and ISO standards pertaining to micro-SMEs.

ECONOMIC NEWS

ECONOMIC NEWS

European GDP, 4th Quarter 2020:  Eurostat has published a preliminary estimate of GDP for the final period of last year (the UK data will be out next Friday).  This shows that GDP in the Euro-zone fell by -0.7% compared to the previous quarter giving an estimate for 2020 of a decline of -6.8%.  For the EU as a whole, the quarter-on-quarter trend was -0.5% with a fall of -6.4% for the year.

PURCHASING MANAGERS’ INDEX (PMI)

PURCHASING MANAGERS’ INDEX (PMI)

The Global Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit eased slightly in January but at 53.5 it remains positive and is still at a relatively high level historically.  This article only refers to the PMI for the manufacturing sector.

BREXIT - RULES OF ORIGIN

BREXIT - RULES OF ORIGIN

A message from the Secretary of State for Business, Energy & Industrial Strategy (BEIS) right at the end of last week focused on this topic and in the light of questions we have been receiving, some of these links may be of use to MTA members.

Rules of Origin concerns where a product was manufactured and determines the ‘economic nationality’ of a good for international trade.  Businesses need to know about them because the Trade and Cooperation Agreement means they can trade with the EU without paying tariffs - but only if their product meets the relevant Rules of Origin.