Intelligence Briefing 18th February 2016

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In this issue: EEF attends Downing Street meeting | Chance to get your voice heard on digitisation within manufacturing | In the media | Week in Review | The week ahead | Blogs from this week

EEF attends Downing Street meeting

This week EEF’s Chief Executive attended a roundtable meeting at Downing Street, chaired by the Prime Minister, David Cameron. With the EU negotiation dominating the political agenda, this was a timely meeting to discuss business issues around the EU and the forthcoming referendum. EEF will be releasing its updated research on its members’ views of the EU shortly.

For more information contact Rocky Lorusso, Head of Government Affairs

Chance to get your voice heard on digitisation within manufacturing

EEF is working with government and business leaders as part of the Business Leadership on Productivity programme. The programme is sponsored jointly by Chancellor George Osborne MP and Secretary of State for Business, Innovation and Skills Sajid Javid MP. Sir Charlie Mayfield is leading the work and seven strands of work have been established.

One of these strands of work, led by Cisco CEO and Chair of the Tech Partnership, Phil Smith, is focused on digitisation in UK manufacturing.

We are working with Cisco to host a workshop to review how digitisation can drive productivity for UK manufacturing, understand the barriers to adoption and recommend actions for acceleration on Friday 11th March, 10am – 12.30pm in London.

If you or a colleague are interested in participating in this workshop and getting your voice heard on digitisation within the manufacturing sector, please RSVP to Madeleine Scott, Senior Policy Researcher

In the media

The steel summit in Brussels dominated our coverage this week with our comments reported in the Daily Telegraph and Sunday Telegraph, while our comments on the latest industrial output figures were featured in the Daily Telegraph and Times (subscription required). The government published a consultation on gender pay reporting with our comments featured in the FT (registration required) while we also commented on the appointment of the new Minister for Trade & Investment in The Times (subscription required). Gareth Stace, the Director of UK Steel gave a number of interviews on BBC News and a several radio shows including Wake up to Money during the steel summit.

For more information contact Mark Swift, Head of News

Week in review

Consumer prices

CPI inflation rose to 0.3% in the year to January 2016, compared with 0.2% in the year to December 2015. This marked the highest rate in consumer price inflation since January 2015. The main contributors to the rise in the rate were motor fuels, and to a lesser extent food, alcoholic beverages and clothing.

 

Labour market statistics

The employment rate rose to 74.1% in the three months to December up from 73.7% in the previous three month period. At the same time, the unemployment rate edged down from 5.3% in the three months to September, to 5.1% in the three months to December. The last time the unemployment rate was this low was in 2005.

The week ahead

25th Feb: GDP, Q4 (second estimate)

Blogs from this week

15 Feb 2016
What do manufacturers think about changes to UK innovation support? - by Felicity Burch

15 Feb 2016
Productivity in processes - Guest blog by Phil Lewis, Infor

15 Feb 2016
Week ahead 15 February - by Zach Witton

15 Feb 2016
7 charts on manufacturers' global trade challenge - by Felicity Burch

16 Feb 2016
The outcome of the US election is key for the post-Paris climate consensus - by Nick Troja

17 Feb 2016
How manufacturers and local authorities could gain from business rates reform - by Chris Richards

18 Feb 2016
Productivity in products - Guest blog by Phil Lewis, Infor

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