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3D printing technology offers a mix of both for UK manufacturersThe rise of three dimensional printing could lead to a revolution in the manufacturing industry, and contribute to the further rise of the knowledge economy. Kim Walker and Matthew Bridger from Thomas Eggar LLP discuss the implications of 3D printing for employment prospects and intellectual property regulation. Karl Marx warned that “the production of too many useful things results in too many useless people.” At first glance at the latest developments in 3D printing would suggest that the advances in the technology could take

Prepare for a winter of discontent

Relationships between employers and the unions are expected to chill as the Coalition government’s cuts begin to bite.Thomas Eggar LLP are warning manufacturers that it’s just the public sector that is likely to experience staff tension as the cuts begin to bite. Manufacturing specialist Leon Deakin highlights some of the issues manufacturers need to consider in relation to their staff. As we have already seen with the recent BA strikes (among others), the private sector is not immune to the increased threat of industrial action. As the squeeze on public spending filters through to the

Budget delivers mixed blessings for manufacturers

Solicitors Thomas Eggar LLP look at the impact of the budget on the industryFollowing political noises which suggested that the manufacturing industry would be at the heart of the economic recovery, there was some good news for the industry in Tuesday’s budget announcements. The good news is that the enhanced tax relief for expenditure on R&D announced in the pre-budget report is to go ahead as planned. With experts tipping innovation as the key to the UK’s recovery, this tax relief for SMEs on R&D and intellectual property is a welcome move, and will cover a broad spectrum of the industry

The region’s business leaders are split on whether the Budget will benefit the local economy

In a breakfast seminar hosted by business advisors and accountants BDO LLP in Southampton, around 200 business leaders from across the region gathered to hear how the Emergency Budget could impact on their organisations, with just under half believing it would benefit local business, but overall 98 per cent thought it struck the right balance.During the seminar, the tax team at BDO LLP in Southampton posed a number of questions to the audience to gauge how they felt George Osborne’s announcements would affect the local economy. 73 per cent thought that changes made to Capital Gains Tax (CGT)

Manufacturing Sector “Cautiously Optimistic” in the South East

A dinner at the Spinnaker Tower in Portsmouth, organised by Top Five Accountants BDO and leading regional law firm Thomas Eggar brought together some of the leading figures in manufacturing to discuss the current challenges within the industry and opportunities for the future.Speaking at the event were Stephen Radley, Director of Policy and External Affairs for the EEF, the UK’s leading industry body for the sector, and Managing Director at Bang & Olufsen UK, Lars Flyvholm. Both conceded that although the market remained uncertain, the future was starting to look brighter for the industry.

BUDGET MARCH 2010: Increase in Annual Investment Allowance is not as generous as it first seems

To encourage capital investment by entrepreneurial businesses, the Chancellor announced a doubling of the Annual Investment Allowance (AIA) for expenditure on plant and machinery from £50,000 to £100,000 per annum from 1 April 2010. Above this threshold, capital expenditure will be eligible for the standard capital allowances rate at 20 per cent. What Alistair Darling did not mention, however, is that the special 40 per cent first year allowance (FYA) rate, introduced last year, will end on 31 March 2010. So, if a company is about to spend more than £250,000, the immediate effect of the

Ignorance of health & safety law amongst manufacturing companies is ‘staggering’

Only 10% are aware according to HSE Independent surveyMost manufacturers now have fairly sophisticated Health & Safety policies in place, a whole industry having sprung up in the last 30-or-so years to support them in preventing accidents and complying with the Health & Safety at Work Act 1974. However, ignorance of how those laws affect directors and managers is ‘staggering’ according to the experience of manufacturing litigation specialists Andrew Jackson and Michelle Di Gioia from Thomas Eggar LLP. Their findings are supported by an independent survey commissioned by the HSE suggesting

Positive Signs for Manufacturing Jobs in the South East

Thomas Eggar Manufacturing Index Demonstrates Strength of IndustryRecruitment specialists Advanced Resource Managers confirmed that their results reflected those of a report published by Thomas Eggar suggesting that the outlook is positive for recovery in the South East. The Manufacturing Index, compiled for Thomas Eggar by DECISION business magazine examines the performance of the hundred largest manufacturers in the region, and the overall results show that there has been an average growth of 12% in sales across a range of industries from traditional manufacturing such as pharmaceutical

MANUFACTURERS FORECAST LONG SLOW HAUL TO RECOVERY

1.2% growth in 2010 as sectors diverge in prospects – EEF/BDO reportManufacturing in the south east will only see a muted recovery in 2010 before posting a stronger performance in 2011 on the back of export led growth, according to a major economic forecast published by EEF, the manufacturers’ organisation and accountants and business advisers BDO LLP. The Economic Prospects 2010 report forecasts manufacturing will grow by 1.2% this year before picking up to 3.4% in 2011. But, the report also forecasts the performance of individual sectors is set to sharply diverge, with some enjoying

Positive Signs for Manufacturing

Thomas Eggar Manufacturing Index of Top 100 Players in the South East Demonstrates Strength of SectorDespite some commentators remaining cautious about recovery in the manufacturing sector, a report published by Thomas Eggar this month suggests that things are looking positive for recovery in the South East, which has the second largest concentration of manufacturing organisations in the country. The Manufacturing Index was compiled for Thomas Eggar by DECISION business magazine. The Index examines the performance of the 100 largest manufacturers in the region, and the overall results show

Timely Advice on Exiting a Distribution Agreement

Recent ruling clarifies criteria for reasonable notice when exiting a distribution agreementThe High Court decision of Jackson Distribution Ltd v Tum Yeto Inc has given some useful guidance on factors to consider when looking at exiting a distribution agreement says Shaw Stapely, Associate at Thomas Eggar LLP. In particular, it has had a significant impact in clarifying what constitutes a reasonable period of notice when terminating otherwise than for breach. This is likely to be an issue where there is no formal written agreement or the contract itself is silent on the issue (which means a

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