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Friday Brief Archive

2021

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Friday Brief Intro

Good morning and welcome to this week’s Friday Brief. 2022 is only 4 months away and businesses are getting busier and busier. 

This week’s brief is full of upcoming exciting webinars and events so get your calendars at the ready. Let’s begin with a save the date for the MTA Annual General Meeting and House of Commons Reception. Make sure the 8th December is in the diary and check out the event page on the website!

We also have an invitation to the next British Standards Online (BSOL) webinar which includes training to help you with a range of key standards. Please go to the story to view the points listed.
On the same day we are hosting a Webinar in collaboration with the Make UK. The webinar provides a summary of the changes Companies need to consider in respect of the UK’s new immigration system and the new relationship with the EU as set out in the UK-EU Trade and Cooperation Agreement (TCA). Check out more of what’s included and how to register in the story below.

City and Guilds will be hosting a webinar for employers on the 25th August at 9:30AM to give an introduction to the Engineering and Manufacturing T-Levels. The webinar will provide a broad introduction into the T-Level qualification and much more so please register through the link below.
Stepping away from the theme of webinars we have a couple of interesting articles regarding the pandemic. The UK’s Competition and Markets Authority (CMA) is considering complaints about the rising costs of shipping following allegations that the industry is profiteering from the pandemic. View the comments made in the story.

The Health & Safety Executive (HSE) have confirmed they will continue to carry out spot checks on businesses across the country to ensure they have the appropriate measures in place to protect their employees from the risk of COVID-19 – despite the end of restrictions in England. Citation have step-by-step guide to help you prepare for a HSE inspection and get everything you need in place to make sure their business is operating safely and compliantly. Download below.

The UK’s Competition and Markets Authority (CMA) is considering complaints about the rising costs of shipping following allegations that the industry is profiteering from the pandemic. Freight rates generally have been higher than normal throughout the pandemic, with recent global congestion issues leading prices to soar continuously over the last few months. Find more details below.

5PRING was launched a year ago as the UK’s first region-wide 5G test bed and brings together industry giants Wayra UK, O2, Deloitte, Digital Catapult and West Midlands 5G. 5PRING supports organisations with challenges or opportunities that 5G has the potential to be instrumental in. 5PRING has launched the 5G smart manufacturing programme looking for innovators. 

Updates to additive manufacturing standards are also included within this week’s brief. You can find the details below.

The headlines from the manufacturing PMI data for July that was released at the start of this week showed a modest reduction from the May/June levels but with the reading still pointing to a strong expansion in activity in the sector - you could probably characterise it as going from exceptional to strong. While this applies for the UK and the Euro-zone, there are some more mixed situations elsewhere in the world (including the rest of Europe) and we explore these in the article this week.

In other economic news we summarise the key points from the Monetary Policy Committee meeting this week, including the views of the Bank of England’s Agents who reflect the continued recovery in the manufacturing sector. We also analyse the first set of GDP data in Europe for the 2nd quarter which shows a recovery from the double-dip recession that occurred in the two periods around the turn of the year - although this happened for the EU as a whole, a statistical quirk means that most of the individual countries avoided this fate.

The July edition of the MTA Business Survey has been running this week. We have had a reasonable response so far, especially considering the holiday season but, as always, the more the merrier so please try to find a couple of minutes to complete the survey using the on-line form at www.mta.org.uk/mta-business-survey-july21.

That’s all this week! Have a great weekend and we’ll see you again next Friday!

PURCHASING MANAGERS INDEX FOR MANUFACTURING

PURCHASING MANAGERS INDEX FOR MANUFACTURING

The Global Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit was 55.4, just a smidgeon lower than the June figure but, as we will see as we go around the world, there is a mixture of trends behind this figure.  Before we do that, a reminder that the PMI is an indicator of direction of change with anything above 50 implying expansion;  while there is some indication of the strength of expansion (or contraction if it is below 50), it is not a measure of levels.

MTA/ BSOL Standards Webinar - 22nd September 2021

MTA/ BSOL Standards Webinar - 22nd September 2021

As many of you were not able to attend our first webinar on the free access BSI Standards Service, we offer through the British Standards Online (BSOL) system, we would like to invite you to join us to our next Webinar which will be hold on 22nd September 2021 from 10:30 to 11:30 am.
 
The training is designed to help you do the following:

Watchdog Could Probe Shipping Prices

Watchdog Could Probe Shipping Prices

The UK’s Competition and Markets Authority (CMA) is considering complaints about the rising costs of shipping following allegations that the industry is profiteering from the pandemic.
Freight rates generally have been higher than normal throughout the pandemic, with recent global congestion issues leading prices to soar continuously over the last few months.

BSI Standard: CEN/TC 438 N 249 Additive manufacturing for Automotive

BSI Standard: CEN/TC 438 N 249 Additive manufacturing for Automotive

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.
Proposal: CEN/TC 438 N 249 Additive manufacturing for Automotive -- Qualification principles -- Generic machine evaluation and specification of Key Performance Indicators for PBF-LB/M processes.

Get inspection ready – HSE confirms COVID inspections to continue 

Get inspection ready – HSE confirms COVID inspections to continue 

The Health & Safety Executive (HSE) have confirmed they will continue to carry out spot checks on businesses across the country to ensure they have the appropriate measures in place to protect their employees from the risk of COVID-19 – despite the end of restrictions in England.

But did you know – you could receive a fine of up to £10,000 for failing to maintain a COVID safe workplace? With cases on the rise and businesses continuing to reopen, it’s essential that all employers take appropriate steps to protect your people and workplace.

T Levels- Engineering New Employer Webinar 

T Levels- Engineering New Employer Webinar 

City and Guilds will be hosting a webinar for employers on the 25th August at 9:30AM to give an introduction to the Engineering and Manufacturing T-Levels.

The webinar will provide a broad introduction into the T-Level qualification and will give employers information on how they can get involved with both shaping these new qualifications as well as taking part in them by hosting students for work placements at their facilities. 
To register please sign up through the link below:

Webinar: EU Business Travel 2021   

Webinar: EU Business Travel 2021   

The ability for UK business visitors to travel to the EU on work-related matters has changed. 
With the end of freedom of movement business travel between the EU and the UK will no longer be as easy as it once was.

The UK and the European Union have negotiated and agreed a new Trade & Cooperation Agreement (TCA) and the transition period ended on 31 December 2020 with the UK leaving the EU Single Market and Customs Union. This means there are significant and immediate changes for businesses trading with the EU and Northern Ireland.

MTA AGM 8th December – Save The Date!

MTA AGM 8th December – Save The Date!

The MTA's Annual General Meeting will be held on 8th December 2021 at Church House in Westminster, London.

Following the AGM will be a reception at The House of Commons hosted by Barry Sheerman, MP for Huddersfield.

The 3 course lunch will also feature a keynote speaker to be confirmed soon.

Keep an eye on our website for updates!
 

ECONOMIC NEWS

ECONOMIC NEWS

Bank of England Monetary Policy Committee meeting reports:  At its meeting this week, the Monetary policy Committee (MPC) voted unanimously to keep the Bank Rate at +0.1% and to keep its stock of corporate bond purchases at £20 billion.  It also voted 7-1 to continue its programme of purchasing UK government bonds with the target for these purchases remaining at £875 billion - this programme is currently expected to continue until the end of this year.