| Specifications | Mechanical Engineering Business Monitor \205 Sober Budget just enough to sustain current business Barry O Reilly |
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| Specifications | Mechanical Engineering Business Monitor \205 Sober Budget just enough to sustain current business Barry O Reilly |
| Business section |
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| Specifications | Mechanical Engineering Business Monitor \205 Sober Budget just enough to sustain current business Barry O Reilly |
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| Content | Mechanical Engineering Business Monitor – Sober Budget just enough to sustain current business The Engineering and Machinery Alliance (EAMA) comprises 11 trade associations representing 1,600 companies, mostly mechanical engineering SMEs with total sales of some £8bn. During the first two months of 2011 UK mechanical engineering companies continued to perform well, although the question now is whether the Budget will stimulate business growth, as the Chancellor intended. Martin Walder, EAMA chairman comments: “Overall, this was a pretty sober Budget for straitened times. There wasn’t a huge amount in it for mechanical engineering SMEs, but a few well targeted measures should prove helpful over the longer term. With business prospects actively looking to place contracts and the high levels of orders recorded, as demonstrated by the February Monitor’s positive balance of +21 on UK business and +26 on exports, companies remain confident about the immediate future although there will be longer term tests later in the year as the Budget changes feed through. For example, up-rating the SME R&D tax credit and the extension on short life capital allowances should encourage further investment in innovation and in plant and machinery. Currently, members are very positive about job prospects given the amount of business they have. Overall, the moves on increasing apprenticeships and the new university technical colleges are of course to be welcomed but those initiatives are going to take some time to make a difference.” Martin continues: “At the end of the day, access to finance is the crucial element. There will be no growth and no rebalancing unless the banks allow finance to flow through businesses so that they can innovate, invest and trade across the world. Maybe this month there is an indication that some improvement may be under way in that regard, but it proved to be a false dawn last time, as companies reverted to recording more difficulties after only a couple of months.” www.eama.info/ |
| Following Datasheets | QM11-Government-Funding-For-Intelligent-Automation-Centre (1 pages) QM11-Industrial-Robot-Facts-2011 (16 pages) QM11-Linkx-Birds-Eye-Chicken-Nuggets (2 pages) QM11-Members-Benefits (2 pages) QM11-Robot-Sales-Stats-Q1-2011-Graphs (4 pages) QM11-Robotics-Industry-In-Huge-Comeback (1 pages) QM11-SIG-Update (3 pages) QM11-Tekpak-Packman-R-Vision-Robot (2 pages) QM11-The-Wacky-World-of-Robotics (1 pages) QM11-Youngman-Group (2 pages) |
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