Friday Brief (27/10/2023) W43

Good afternoon and welcome to this week’s Friday Brief. With the clocks changing back this Sunday, I’m sure we can all agree that the extra hour in bed will be most welcome as the mornings get colder.

To kick things off today we would like to inform about an event coming up. Make UK in partnership with Intercontinental Exchange (ICE) are launching a first-in-kind joint event on voluntary carbon offsets, providing manufacturers with access to the best global research, advice, and specialist environmental projects. Take a look at the details below and follow the link to register.

The Chinese government has said it will require export permits for some graphite products, prompting supply chain concerns. Under the restrictions, exporters will need to apply for permits to ship two types of graphite, including high-purity, high-hardness and high intensity synthetic graphite material, and natural flake graphite and its products. For more details, please go to the story.

HMRC has announced the extension of wavier document 999L for declarations submitted through the Customs Declaration Service (CDS) for international traders, according to senior industry experts. HMRC has said that code 999L can continue to be used on ex-heading goods, where declarants have confirmed that there are no documentary or licensing requirements on the goods being moved. Read more below.

Our Associate Member Croner has shared their latest article, “HR Horror Stories”. This article features examples of some terrifying HR situations that businesses have faced and what advice Croner would offer. Find out more below and follow the link to read the full article.

Jack Semple from EAMA has sent us a story on The UK Trade and Export Finance Forum which takes place in London on November 23^rd, organised by UK Export Finance. The annual event, now in its sixth year, covers developments in trade finance with presentations, case studies, workshops and networking. The keynote speaker will be exports minister Lord Offord. Take a look at what else he has written in the story.

As you will hopefully be aware we launched new websites for our cluster earlier this year, including the MTA. This is an ideal opportunity to make sure that your information is accurate and up to date with your business and so we have only migrated key information across. Therefore, we kindly ask you log on to the site, review the details to ensure they are correct and add any other information you want. Please go to the story to check how to reset your password.

We have a mix of economic news this week. The latest results from the CBI Industrial Trends Survey gives both the latest picture for the manufacturing sector as well as providing an update on the investment intentions and capacity utilisation data that was part of our presentations at the Forecast Seminar last week. The other main story this week are the flash estimates of the PMI for the manufacturing sector in October; although most of the limited number of countries saw an improvement, most remain firmly in negative territory, including the UK and Europe – the USA just managed to reach the neutral reading of 50. Our last item looks at the revised figures for UK productivity. You can find all of these in the economic news article this week.

That concludes the Friday Brief for today! We all hope you have lovely weekends, and we look forward to ‘seeing’ you again next week!

ECONOMIC NEWS

CBI Industrial Trends Survey, October 2023: The latest data from the CBI Industrial Trends Survey (ITS) showed that total new orders were flat in the three months to October*. This was made up of a combination of a fall in domestic orders that was balanced by the strongest performance for export orders since January 2022. […]

MTA Members Area

UK Trade and Finance Forum 2023

The UK Trade and Export Finance Forum takes place in London on November 23rd, organised by UK Export Finance. The annual event, now in its sixth year, covers developments in trade finance with presentations, case studies, workshops and networking. The keynote speaker will be exports minister Lord Offord. The Forum is organised UK Export Finance […]

Your Weekly Croner Content Update

As part of our commitment to providing valuable resources to our partnership members, we wanted to share with you our latest article, “HR Horror Stories”. This article features examples of some terrifying HR situations that businesses have faced and what advice Croner would offer. We understand that these stories may hit close to home for […]

Extension Of HMRC CDS Waiver for Goods Being Moved

Make UK – ICE joint event on voluntary carbon offsets- Book Now!

Abate and Compensate: the pathway to net zero. 14th of November (13:30-17:30 followed by networking until 18:30 pm) Businesses play a key role in achieving our global climate targets. The net zero by 2050 goal is enshrined in UK law and organisations motivated to progress with net zero will unlock major economic and financial opportunities. […]

China imposes export controls on graphite, citing ‘national security concerns’

The Chinese government has said it will require export permits for some graphite products, prompting supply chain concerns. Chinese customs authorities announced the measures on Friday (20 October). “Based on the need to safeguard national security and interests, China has implemented export controls on specific graphite items,” said a spokesman for China’s ministry of commerce […]

Friday Brief