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Friday Brief Archive

2021

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Friday Brief Intro 30/04/2021

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

The last Friday Brief of the month is already here! April 2021 has flown by with some great stories and this week we have a few more informative topics to update you on. 

VAT IT have created this informative one-pager that highlights general post-Brexit trading problems and also problems specific to those in the manufacturing industry that may be experienced by you. Their scheme, re:TRADE, is designed to assist businesses in navigating these issues while at the same time improving their cash flow through Import VAT recovery.  

On the theme of the world reopening again, Croner have an article on lockdown restrictions easing in Scotland and Wales for a number of businesses. Please view the pdf attached to the story below. 

The Engineering and Machinery Alliance has given evidence to the House of Commons’ international trade committee for its inquiry into UK Export Finance, the trade credit agency based in HM Treasury which exists to support exporters. 

HVM Catapult are working with the University of Stuttgart and the Fraunhofers in Germany to take a global survey of industrial energy efficiency and they need your help. For your chance to take part, and be entered in their prize draw, go to the story below. 

We also have details on an Additive Manufacturing standard under review by BSI. The standard covers requirements for Additive manufacturing of metals and Non-destructive testing, evaluation. Be sure to comment if your business is involved with this. 

Wednesday saw our Economic Update presentation for members at which we ran through the background to our new forecasts that were published a couple of weeks ago. This presentation covered the general macro-economic situation and the global industrial outlook before turning our attention to the updated forecasts for the UK market for machine tools and cutting tools. You can see a summary of this in the article below which also includes the link to download the presentation slides and the forecast documents, as well as a recording of the presentation. 

This week also saw publication of the European Commission’s latest sentiment and confidence report which showed another strong increase which has taken the indictors above their long-run average for the first time since the current crisis began.  We take a look at this in the article below and also cover the capacity utilisation data and investment outlook which were part of the same data release. The economic news article also explores the latest data from the US market and profitability of UK manufacturing companies, while the last item has details of the last round of payments from the Scottish Grants scheme before it was closed. 

We’ll be back next Friday with more industry news. Have a good bank holiday weekend.

re:TRADE Powered by VAT IT

re:TRADE Powered by VAT IT

The MTA have recently been contacted by VAT IT. They have recently launched a solution called re:TRADE which is a one-stop supply chain solution addressing Brexit trade challenges such as shipping, EU customs clearance, VAT registrations, and Import VAT reclaim. re:TRADE makes it simple and cost-effective to move goods across borders and transition your business operations to the “new normal” post-Brexit. 

Request: Promotion for Energy Efficiency Survey

Request: Promotion for Energy Efficiency Survey

HVM Catapult are working with the University of Stuttgart and the Fraunhofers in Germany to take a global survey of industrial energy efficiency. They need your help. 

As a manufacturer in the UK your support will help create a benchmark of energy efficiency and inform change for the future. They are working with Voiceboxx to interview manufacturers of all sizes across the UK.  

EAMA gives evidence to UK Export Finance inquiry

EAMA gives evidence to UK Export Finance inquiry

The Engineering and Machinery Alliance has given oral evidence to the House of Commons’ international trade committee for its inquiry into UK Export Finance, the trade credit agency based in HM Treasury which exists to support exporters.

EAMA secretary Jack Semple told the committee that it was important for UKEF to have a sustained promotion campaign, so that more companies were aware of what it can to support their export strategy.  Firms should make direct with contact with UKEF’s regionally-based export finance managers, he said.  

More restrictions lifted in Scotland and Wales & Bank Holiday Leave Entitlements

More restrictions lifted in Scotland and Wales & Bank Holiday Leave Entitlements

Ahead of the two bank holidays coming up, MTA Partner Croner, have put together a new flyer to remind your members that we can help them to manage and understand employees’ leave and entitlements.

Please also see below their industry briefing with the latest employment law developments. 

From Monday 26th April 2021, a number of businesses are able to reopen for the first time in months as lockdown restrictions are eased further:

BSI STANDARD UNDER REVIEW

BSI STANDARD UNDER REVIEW

Please be advised that a New Work Item Proposal has been loaded to the BSI Standards Development Portal for comment. We hope this will assist in increasing awareness of the Standards Development Portfolio. 

Any comments received will be submitted to AMT/8 – Additive Manufacturing, for consideration when deciding the UK response to CEN. 

ECONOMIC NEWS

ECONOMIC NEWS

European Commission Economic Sentiment Indicator and Capacity Utilisation, April 2021:  The European Commission (EC) draws from a range of surveys to construct confidence indicators for six sectors of the economy and then uses five of these (financial services is not included in the ESI) to compile its Economic Sentiment Indicator (ESI).  Because of the data collection periods, the month (April) is that in which the data is published but the data really refers to March - similarly, for the quarterly data, reference to Q2 below is the publication date of figures that really