This week, MTA joined with a number of other engineering trade associations to write to Michael Gove MP in his role as Minister in charge of arrangements for Brexit to express our concern about the uncertainty surrounding the regulatory requirements for putting goods on the UK market from 1st January 2021 (when the UK’s Brexit transition period ends).
We have been advised that a New Work Item Proposal has been loaded to the BSI Standards Development Portal for comment as follows:
The MTA Business Survey for August opened at the start of this week and although we have already had a good response, we would encourage all MTA members to take part. The on-line form available is at www.mta.org.uk/mta-business-survey-jul20 and, with thanks to those who have already responded, we look forward to hearing from you.
This bulletin is issued by the Department for Business, Energy and Industrial Strategy (BEIS) and provides the latest information for employers and businesses on coronavirus (COVID-19). All coronavirus business support information can be found at www.gov.uk/business-support. The following are the key points from this week’s bulletin that apply to MTA members with regard to their business operations.
The Japan Machine Tool Builders’ Association and Tokyo Big Sight Inc. have decided to hold the "JIMTOF 2020 Online" on the website for 12 days from 16th to 27th November 2020.
The organisers note that “JIMTOF 2020, which was scheduled to be held in December of this year, was cancelled, but we have decided to hold an on-line exhibition in response to the need for new-product announcements and opportunities for business talks”.
HM Treasury has launched a review of business rates and called for evidence. One of the issues to be considered is the impact that investment in a site has on its rateable value. There is a section on plant and machinery on page 21 of the consultation document (see below) but it largely refers to equipment that is installed as part of the operation of the building rather than machine tools and similar equipment that is used as a function of the business operating in the building.
Companies in the areas covered by the Birmingham & Solihull LEP and the Black Country LEP can access grants to reduce their carbon footprint over the next 2 to 3 years. These include support for investigating how energy consumption can be reduced, longer term process and business efficiency projects and for implementing measures to lower the carbon footprint.
We have received notification of two EU funding programmes for the additive manufacturing sector; UK companies continue to benefit from these opportunities until the end of the transition period - currently set to be 31st December 2020 - and any funding agreed before this date will still be paid even if it falls due after the UK has fully left the European Union.
The PMI for the UK manufacturing sector reached its highest level since March 2019 at 53.3 although, given that this tracks month-on-month changes (up/same/down) rather than levels, this should not be surprising. We might have expected a stronger figure given the severe impact of the Covid-19 outbreak over earlier months. In fact, this strength is there in that output grew at its strongest pace for 32 months and orders were at a 28-month high and there is also significance in that output...
Bank of England Forecasts for the UK Economy: In conjunction with the meeting of the Monetary Policy Committee - at which they decided to maintain interest rates at 0.1% and to hold maintain the current level of quantitative easing - the Bank of England has released a new forecast for the UK economy which attracted a lot of headlines on Thursday morning.