Finance

UK manufacturing: the shape of things to come

Posted on 16 Dec 2011 by Tim Brown

Trevor Williams, chief economist at Lloyds Bank Corporate Markets, provides expert analysis of the economic outlook for the UK with specific focus on the manufacturing sector.

The UK manufacturing sector has had a difficult autumn. Despite having grown considerably more quickly than the econo…

Eurozone recession warning for 2012

Posted on 15 Dec 2011 by Tim Brown

The eurozone is expected to return to recession in 2012 according to a report by audit firm Ernst & Young.

The company said it anticipates the economies of the 17 member countries to shrink in the first two quarters of 2012. The report predicts growth of just 0.1% for the whole of the year and warns u…

Thinking Inside the Box: Or not? The Patent Box reviewed

Posted on 12 Dec 2011 by

What does the Patent Box mean to your business? Relevant profits taxed at 10% and not 24% for starters. But is it for pharma alone, or all manufacturing companies? Carmen Aquerreta of Deloitte explains how to calculate the savings.

The draft legislation on the Patent Box was issued last week, togeth…

Tax reformation

Posted on 4 Dec 2011 by Tim Brown

EEF and SMMT have united to put forward recommendations for R&D tax credit reforms which should make investment in the UK more attractive to large multinationals and put Britain on a competitive footing as a research location.

The two trade bodies commissioned PriceWaterhouseCoopers to und…

Regulation update: health and safety

Lord Young at the launch of Small Business Summit in London

Are we any closer to a common sense approach to health and safety asks Sally Roff, partner at international law firm DAC Beachcroft.

It was October 2010 when Lord Young produced his report for government, recommending legislative and practical changes to tackle the heavy handed approach of regula…

Manufacturing ‘out of steam’

Posted on 1 Dec 2011 by

The manufacturing sector last month shrank at the fastest rate since June 2009 according to the November PMI Figures released today.

The Markit/CIPS Manufacturing PMI fell to 47.6 in November, its lowest level since June 2009,  from an upwardly revised 47.8 in October (previously reported as 4…

Can banks lean out?

Posted on 25 Nov 2011 by

Roberto Priolo attends an event on banking and comes home with many good tips on what makes a bank a real lean organisation.

Thinking about one of the most important principles in lean, always be in tune with what your customer values, one could be inclined to think that banks are possibly the organisa…

It’s the youth we are failing, say UK manufacturers

Posted on 17 Nov 2011 by

Tom Moore interviews Mike Peters, Universal Products, on the government’s relationship with manufacturers.

Wednesday saw a flurry of government growth initiatives, from the £1,500 incentive for SMEs to take on apprentices to Mark Prisk’s announcement of 10,000 mentoring volunteers. Ever th…