Good morning and welcome to this week’s round up on industry news.
We start this week with Brexit updates from the government. Following a discussion with trade association the Engineering and Machinery Alliance (EAMA), of which the MTA is a member, we have news of those crossing customs borders with service vans. The article below also carries information related to VAT when carrying commercial goods from Great Britain to Northern Ireland.
BEIS and the HMRC have updated their guidance on a number of topics, including rules of origin, this week and are also hosting a series of live webinars on various key topics. Find out more in the article below.
And finally in Brexit news, the Commons Library has published a guide to temporary business travel provisions in the UK-EU Trade and Co-operation Agreement (TCA), which Members may find useful. Full details and a link to the report can be found in the article below.
For those in the Midland Engine region there are 2 webinars coming up in February from the Department for International Trade focusing on the automotive and advanced manufacturing sectors.
COVID news this week bring us details of two new schemes from BEIS for those employing young engineers and apprentices. This has details of the new Kickstarter programme which has information on job placements for young people and guidance for those current employing apprentices with regard to face-to-face training.
We were delighted to see so many people join us for our virtual round table discussion on funding options for Members this week, with discussions covering CBILS, BBILS and other government backed schemes. To find out more or view the webinar take a look at the story below.
The MTC have invited MTA members to join them for their Digital Demonstration Day as part of the SHARK project on 25th February. The project focuses on industrialised laser functional texturing. The webinar will demonstrate the technological developments achieved during the SHARK project, as well as the journey and achievements of the end-users in their pathway to industrialising laser functional texturing for their specific industry. Book your space below.
A reminder for those looking to book for EMO Milano this October that the early bird rate expires in 3 days time on Sunday so make sure you get your booking in now to secure your place.
The headlines this morning are dominated by the GDP data for 2020 which show the largest ever annual contraction of the economy at -9.9% (and only a smidgeon off being rounded up to -10.0%). However, the 4th quarter did see some growth in the economy despite the various lockdown measures that were in place with the November restrictions in England having the largest effect.
More importantly for MTA members, manufacturing continued its slow recovery from the low points of the 2nd quarter with growth of +3.3% in the final period, although this was not enough to prevent output in the sector falling by the same amount as the economy at -9.9% (it is worth noting that this followed a contraction of the manufacturing sector in 2019 of -1.8%). We take a look at the details of the manufacturing sector in this week’s economic news article.
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 this week. We wish you all a pleasant weekend and we’ll be back next Friday.