Sign up today to receive your weekly Intelligence Briefing >
In this issue: Moving forward with Brexit negotiations | EEF gives evidence at the Environmental Audit Committee | Have your say on the impact of the EU referendum | EEF Future Manufacturing Awards | In the media | Blogs from this week |
Engaging with Business Select Committee
This week EEF met with Craig Tracey MP who sits on the Business, Innovation and Skills Select Committee. We briefed Mr Tracey on the state of trade pre-referendum, which had been positive. However, we raised concerns about confidence and uncertainty for the sector following the EU referendum result. We also spoke about the importance of pressing ahead with key domestic decisions – while the cuts to corporation tax and rowing back on the surplus target have been welcomed, EEF wants to see the government press ahead with decisions on increasing airport capacity as well as hearing our calls on delaying the apprenticeship levy. We spoke about the apprenticeship levy in more detail emphasising the importance of quality, not just quantity. We shared our concerns around the timetable for implementation which we feel is now far behind manufacturers’ apprentice recruitment cycles and therefore a delay was now a necessity.
For more information contact Lee Hopley, Chief Economist.
Briefing the SNP on Apprenticeship Levy Concerns
This week EEF met with Roger Mullin MP who is Shadow SNP spokesperson for the Treasury, interested to hear our views on the apprenticeship levy. We covered the confusion and complexities employers will be facing when the apprenticeship levy comes into force and concerns around the new Digital Apprenticeship System (DAS) which we fear will not be ready in time. Mr Mullin, who has also called for a delay to the levy in the past, was interested to hear our thoughts on how the levy will operate across the devolved nations which remains a major issue for many of our members.
For more information contact Verity O’Keefe, Senior Employment and Skills Policy Adviser.
EEF Future Manufacturing Awards
The EEF Future Manufacturing Awards recognise the outstanding work and dedication of British manufacturers and apprentices. The awards are free, easy to enter and give apprentices, manufacturers and supply chain businesses of all sizes from across the UK a chance to shine.
There are nine award categories in total to go for, including:
- Environmental Achievement – in partnership with CMR consultancy group
- Innovation – in partnership with HVM Catapult
- Health and Safety – in partnership with Howden Group
- Business Growth
- Developing people
- Partnerships – in partnership with Rolls-Royce
- And of course our popular Apprentice Awards – in partnership with Siemens.
The closing date for entries is 29th July 2016. To enter or to find out more visit: http://www.eef.org.uk/awards.
For more information contact Soraia Silvello, Awards Programme Manager.
Lord Price: A second Elizabethan golden age of trade and investment
Lord Price, Minister of State for Trade & Investment, delivered a speech at the BCC in Hong Kong. The speech covered a variety of topics including next steps from the EU referendum result and ongoing UK government work to help exporters and attract investment. You can access the speech here.
For more information contact Hywel Jarman, Director of External Affairs.
During the Public Bill Committee for the Finance Bill the Shadow Chief Secretary to the Treasury Rebecca Long-Bailey mentioned EEF's ongoing concerns about the introduction of the apprenticeship levy and repeated our call for it to be delayed.
For more information contact Celia Charlwood, Government Affairs Advisor.
In the media
A joint letter signed by EEF, CBI, BCC, IoD and FSB calling for clear leadership, the end to uncertainty for EU nationals living and working in the UK and progress on long-planned infrastructure projects was covered in PA (link unavailable), Sky News, Spectator, The Mail, City AM, The Telegraph and BBC News.
EEF’s comments welcoming the chancellor’s decision to cut corporation taxes but warning that more must be done was featured in The FT (subscription required), The Telegraph and The Times (link unavailable).
Elsewhere, EEF appeared on Sky News to talk about the joint letter with other major business groups and Sky News Australia to talk about the setting of the Fifth Carbon Budget.
For more information contact Alex Block, External Affairs Executive
Week in review
The activity indicator rose to a five month high in June. The improvement was broad based across sub-sectors and driven by increased productivity volumes and growth in new orders, including from overseas customers.
Index of production
Manufacturing output fell back in May, but the 0.5% month-on-month fall came on the back of a significant uptick in April. The sector remains on course for growth in 2016q2.
The week ahead
8th July UK Trade
8th July Productivity
14th July MPC decision
Blogs from this week
04 Jul 2016
A round-up of the week's data releases by Lee Hopley
05 Jul 2016
A round up of market events at referendum + 12 days by Lee Hopley