We aplologise for the late arrival of the 'Friday' Brief. Due to some technical difficulties our weekly newsletter did not go out last Friday so please enjoy it this afternoon.
Welcome to this week’s Friday Brief. In contrast of last week, we have a large number of stories for you!
We begin this newsletter with a big welcome to our new MTA member, Amas Murrison Ltd “ammu”. AMMU is a distinctive blend of chartered accountants, management accountants and tax advisers providing expert advice on accounting, finance, taxation in all its guises, MI and digitisation. To find out more about what they do please go to the story below.
In other exciting news the MTA Forecast Seminar 2021 is coming up so make sure to save the date in your calendar. The MTA's Annual Forecast Seminar will be held on 21st October 2021. To check out the agenda and register a space please go to the story below.
Join Digital Catapult, along with industry experts, for an online event on Wednesday 6 October where over the course of 90 minutes, they will debunk the myths around edge computing, offer insights specifically crafted for the manufacturing industry. Find out more information and find the link to sign up below.
The University of Sheffield is hosting Accelerating Hydrogen, on 21 – 22nd September. The conference will bring together industry leaders, investors, innovators, academic researchers and policy makers. You can find the story below.
Members are invited to a join GTMA with a webinar on assisting companies through a carbon reduction plan and help your business start the journey towards Net Zero on Thursday 7th October 2021 at 1500. To find out the topics that will be covered please check out the details in the story.
The new Ofgem Strategic Innovation Fund, delivered through a partnership with Innovate UK, is seeking innovative, ambitious ideas to transform energy networks. A new fund opened this week which will unlock greener ways to travel and to heat and power homes and businesses, by harnessing a new approach to energy network innovation. All the details can be found in the story below.
Newly appointed International Trade Secretary Liz Truss has re-enforced the UK’s focus on Indo-Pacific region. UK trade strategy is grounded in the growth of the middle-class in Asia and digital trade becoming the dominant form of trade, she said. The UK can be a “tech trade superpower”. Truss said that it is time to dump the baggage of previous debates and look to the future. You can take a look at what else was said in the story.
Members may be aware that the government is taking new powers to scrutinise, to impose conditions and to block planned takeovers of UK companies where there may be a national security interest. The Act requires that sensitive acquisitions be approved by the government before they are completed and has been controversial in terms of the time that may require and uncertainties it might introduce. Please check out the guide with more information in the story.
We have had a Corona Virus update this week. The Winter Plan was released, with Plan B outlining that the NHS Covid Pass would only recognise double jab only. There were no clear metrics as to when the Britain would switch from Plan A to Plan B, nor absolute clarity on which setting ‘Business Events – Trade and Consumer Shows’ sit (we have already queried this). There are more details in the story.
The cabinet changes have several points of interest, with two former business department (BEIS) ministers joining the cabinet. Nadim Zahawi becomes Education Secretary and Liz Truss is promoted to become Foreign Secretary. Check out more on the subject below.
There are two items in the economic news article this week. The industrial output data for Europe showed a noticeable improvement in July, although we have a suspicion that the seasonal adjustment may be at least part of this story given that the automotive industry is experiencing component shortages across the continent (not just in the UK). Nonetheless, this is good news and output in both the EU and the sub-set of Euro-zone countries is now at its highest level since the Spring of 2019. In the other item we take a look at the UK export/import data for manufactured goods by industry sector - the engineering industries account for almost half of total UK exports of manufactured goods and only a slightly smaller proportion of manufacturing imports so this is a useful indicator of activity.
Finally, a quick reminder that the MTA Business Survey for August will be closing at the start of next week, but there is still time to get your input to us via the on-line form at https://www.mta.org.uk/mta-business-survey-aug21.
That is all we have for this weeks Friday Brief! Have a great weekend and ‘see’ you again next week