Product category:
Engineering Business News and Views
News Release from: Manufacturing Technologies Association
Edited by the Engineeringtalk Editorial
Team on 06 December 2004
Budget statement pleases MTA
Although last weeks pre-budget statement contained the expected pre-election optimism from the Government, The Manufacturing Technologies Association also found some reasons to be pleased.
Although last week's UK pre-budget statement speech contained the expected pre-election optimism from the Government, The Manufacturing Technologies Association (MTA) also found some reasons to be pleased The Government's desire to address the productivity gap in the UK is good news for manufacturers, the vast majority of whom are competing in a global business environment
This article was originally published on Engineeringtalk on 1 Dec 2005 at 8.00am (UK)
Related stories
Survey confirms seasonal dip in orders
The latest MTA trends survey shows a dip in orders for the sector over the summer, but respondents expect a recovery in the final period of the year.
President makes education top priority
Incoming MTA President, Geoff Lloyd, Managing Director of Heller Machine Tools, delivered his first keynote speech at the MTA Annual Lunch in London on Thursday 12th October 2006.
The extension of the employer-training programme nationally will aid productivity in the UK by providing the country with a more educated workforce, while The Hampton Interim Report on regulation is seen as a move in the right direction.
Continued investment in science and innovation is also crucial if the UK is to maintain a manufacturing base.
The issue of public finances is however still a worry, Paul Maynard, MTA President, commented: "With an election in the first of half of 2005 we expected the Chancellor to paint an optimistic picture of the economy but the nagging questions that we and other business groups have about a potential 'black hole' in the public finances could seriously affect confidence next year".
"Huge tax increases after the election would probably disproportionately hit manufacturing industry at a time when we will still be recovering from a severe recession".
"This makes the March Budget a crucial one and we hope the Chancellor acts, in the way he likes us to think of him, with great prudence".
• Manufacturing Technologies Association: contact details and other news
• Email this article to a colleague
• Register for the free Engineeringtalk email newsletter
• Engineeringtalk Home Page

