The latest figures from the Society of Motor Manufacturers and Traders (SMMT) demonstrate that the UK carbon footprint in automotive manufacturing has decreased to its lowest level on record as CO2 emissions fall by 11.2% in 2021 compared to 2020. Automotive...
Introduction Earlier this year the chancellor announced that he would offer support to the manufacturing sector this autumn. However, manufacturing trade bodies such as Make UK have said that support is needed before the summer parliamentary recess. Make UK has given...
Introduction The CBI has recently conducted a survey of 224 UK manufacturers where 80% revealed that they are going to increase the prices of their products within the next three months. What factors are causing manufacturers to increase prices? The main factor...
A new £20M funding programme is set to launch across the UK for manufacturers. The aim of the programme is to help manufacturers overcome supply chain issues caused by the global pandemic. The programme will aim to do this by assisting manufacturers with the...
In June 2021 the cost of running a factory increased at a record rate. This news caused concerns that prices of British-made goods will rise during the second half of 2021. According to the IHS Markit monthly survey of the manufacturing industry, manufacturers paid...
The Financial Reporting Council (FRC) has issued amendments to FRS 102 and FRS 105 – Covid-19-related rent concessions beyond 30 June 2021 To help them through the pandemic, many businesses that lease property have been supported by their landlords and have...
The UK manufacturing sector has seen its largest increase in optimism since 1973 as lockdown measures ease and demand grows. Vaccine progress increases manufacturers optimism A recent poll of 288 leading industrial companies (conducted by the CBI) found that...
According to the 2021 Digital Transformation Assessment conducted by The Manufacturer and IBM, 67% of manufacturers have accelerated their adoption of digital technologies as a result of the coronavirus pandemic. Only 16% have suspended their digital adoption...
In recent years slowing down climate change by reducing emissions has become a top priority for many countries around the world. In 2019 the UK government signed a legally binding target of net zero emissions by 2050. A survey of senior figures (managing directors,...
Our international network HLB has won the prestigious ‘Network of the Year’ award at the 2020 Digital Accountancy Awards. The award ceremony was held virtually this year on 30 September. The Digital Accountancy Awards is highly regarded as one of the premiere award...
UK manufacturers start to invest in sustainable growth Manufacturers are beginning to invest in sustainable growth because of increasing market volatility. Sustainable growth is growth that is ethical, responsible, and repeatable and is vital for the long-term growth...
Manufacturing Update: How has the coronavirus pandemic affected the manufacturing sector? Introduction In this article, we will be covering how the coronavirus pandemic has affected the manufacturing sector. We will be using data from the Make UK’s...