Friday Brief Intro (23/06/2023)

Good afternoon and welcome to last week’s Friday Brief. Unfortunately there was a technical issue on Friday and the newsletter didn’t send, we apologise for this inconvenience.
To kick things off today we would like to introduce you to an opportunity from CECIMO. The MTI Awards aim to celebrate the best innovations that push the boundaries of what is possible in the machine tool industry. CECIMO invites you to share your efforts that provide a competitive advantage and drive productivity, growth and profitability to new heights. Check out details to apply in the story below.
BSI have to new standards for us this week. The two proposals read: Ergonomics of human-system interaction/ User assistance within interactive systems and General requirements for establishing muscular strength databases. Take a look at the scopes and purposes below.
The Institute of Chartered Accountants in England and Wales is running a webinar called “Tax reliefs for growing in manufacturing” on July 4th. The webinar has been organised by the ICAEW’s manufacturing and small and micro business communities. Details on what is included in the webinar can be found in the story.
The Health and Safety Executive (HSE) has published its REACH Regulatory Management Options Analysis (RMOA) report for poly- and perfluoroalkyl substances (PFAS). The RMOA has adopted a narrower working definition of PFAS, removing the criterion that a single isolated methylene group (-CF2-) is sufficient for classification as a PFAS. Please have a read of the full article below for more details.
Industrial Plant & Equipment is proud to announce the launch of the new Industrial Plant & Equipment Awards (IP&E Awards). The IP&E Awards are free-to-enter and showcase a variety of visions of industrial excellence, reflecting the diversity and best-in-class quality which are synonymous with UK industry. More information can be found in the story below.
Jack Semple, Secretary of EAMA, has penned two articles for us this week.  The first contains some headline notes from the Trade Unlocked conference held this week and focuses on comments made by the Shadow Foreign Secretary, David Lammy MP, about the Labour Party’s plans to get closer to the EU without a return to either the Single Market or the Customs Union – no government ministers attended the event.  The second article looks at a report from the Resolution Foundation that focuses on the need for the UK to have a trade strategy to deal with the changes in our trading relationships around the world in the light of Brexit.
With the latest decision on interest rates this week, this is the main focus of our UK economic news article as we report on what the Bank’s Agents had to say as a result of their conversations with businesses from across the spectrum of the economy during the past 3 months.  The UK article also takes a look at the somewhat gloomy results from the latest CBI Industrial Trends Survey.
In our international article, we reflect on the flash Purchasing Managers Index (PMI) figures that are out today with all of the data released so far – UK, Euro-zone (including France and Germany) and Japan – having a negative reading (below 50) that is worse than was recorded in May.  There is also a short note looking at the latest forecasts of demand for new aircraft over the next 20 years which have been published recently by both Airbus and Boeing.
Thank you for keeping up to date with us this week! We hope you have a wonderful weekend and look forward to ‘seeing’ you again next week.

Every Friday new news stories will be added to this section.

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