Friday Brief Intro 28/10/2022

Good afternoon and welcome to this week’s Friday Brief. We have come to the end of October and that means spooky season is upon us! Enjoy the festivities and get ready for a great November!

First up this week we have a story by Jack Semple, Secretary of EAMA who has penned an article for us outlining the events in Westminster in the early part of this week. He takes a look at some of the key Cabinet appointments as they affect manufacturing and goes on to look at some of the challenges facing the government; he also takes a look at some of the likely policy directions of the new Prime Minister based on a speech he gave earlier in the year and also considers the impact of Brexit which is still having an impact on the UK economy.

Jack has also provided an update on the progress of the Retained EU Law Bill that is making its way through parliament this week and, in particular has details of a public consultation being run by The House of Commons Public Bill Committee – this includes a useful explanation of the issues raised by the Bill and how it may work in the context of manufacturing.

MTA, EIA and AM UK members have the opportunity to give their thoughts on the proposed Single Trade Window which is a facility that will allow parties involved in trade and transport to lodge standard information and documents with a single-entry point to fulfil all import, export and transit related regulatory requirements. Find more details in the story below.

The Manufacturing Technologies Association has agreed with HMCA to offer discounted rates for medical plans, dental plan, hospital cash plans, travel plan, income protection and vehicle breakdown products. Take a look at the story below to find out more.

The MTA are a proud partner at this year’s Smart Factory Expo, taking place 16-17th November in Liverpool as part of Digital Manufacturing Week. The industry’s biggest digital manufacturing show brings together all the cutting-edge solutions and technologies enabling the digital manufacturing revolution! Register to visit through the link in the story.

Despite the doors of MACH 2024 not opening for another eighteen months, the exhibition has already received strong support from MTA members with almost two-thirds of the exhibition space now sold. The two ballots staged by the MTA so far have proved extremely positive, with members queuing up to exhibit at the exhibition. Find a comment from James Selka and details on Ballot three in the story below.

As you may already be aware, one of the services that we offer “Full” Members is free access to BSI standards through the British Standards Online (BSOL) system. We are working with BSI to provide some complimentary training on the 2nd November 2022 from 11:00 to 11:30 am to ensure that you are able to obtain the maximum value from this system. To find details on the training please read the below.

Our economic news this week has two pieces on a similar theme sandwiching an overview of the flash PMI data for manufacturing. The initial PMI readings generally showed a fall compared to the September levels for the UK, Euro-zone and the USA and make rather gloomy reading.

This week also saw the CBI Industrial Trends Survey published; the results broadly match the PMI data with both output and orders falling, although there was a small improvement in employment in our sector. We also have the latest data from the European Commission Economic Sentiment Indicator which paints a similar picture for industry in Europe with falling confidence driven by weakening order books. These two surveys both give us new data on capacity utilisation and, again, the trend is generally negative with a couple of exceptions which we highlight in the article this week.

That concludes the last Friday Brief of the month! Have a weekend filled with treats, not tricks and we’ll look forward to ‘seeing’ you in November for our next Friday Brief!

ECONOMIC NEWS

CBI Industrial Trends Survey, October 2022: The results from the latest CBI Industrial Trends Survey (ITS) suggest that orders and output are still falling in the three months to October but that employment is still increasing despite the downturn in business and the fact that concerns over a shortage of skilled labour are at an […]

MTA/BSOL training via Webinar – 02/11/2022

As you may already be aware, one of the services that we offer “Full” Members is free access to BSI standards through the British Standards Online (BSOL) system. We are working with BSI to provide some complimentary training on the 2nd November 2022 from 11:00 to 11:30 am to ensure that you are able to obtain the maximum […]

UK’s engineering and manufacturing communities urged to secure space at MACH 2024 now

Retained EU Law (revocation and Reform) Bill

The controversial Retained EU Law (Revocation and Reform) Bill (RUEL) is now going through parliament. It was condemned in the Commons this week by Hilary Benn as giving unprecedented powers to government to sweep away law and he noted that there was little indication from the government as to how much change it intended. Benn […]

Smart Factory Expo 2022

HMCA

Are you paying too much for your present private medical plan? Why not take a look at the HMCA plans and compare the benefits and subscriptions offered? You may transfer to HMCA at any age and without a medical examination; there will be no break in protection and there is a 14-day money-back guarantee HMCA […]

Single Trade Window

Sunak’s New Government

Jack Semple, Secretary of EAMA offers a round-up of what has happened in the past few days at Westminster in a combination of news and comment. Sunak has announced his new cabinet and those who will attend but are not full members. There is a clear-out of many Johnson and Truss backers, although Therese Coffey […]

Friday Brief