Grants of up to £12,499 available to support South Yorkshire businesses to increase productivity
Ørsted plans to invest more than £2.5m in Humber biodiversity programme
Manufacturing output growth and price inflation expected to slow in three months ahead
- Manufacturing output growth slowed slightly in the three months to June (balance of +25%, from +30% in May). Growth is expected to ease further in the three months ahead, but expectations remain well above their long-run average (+20%; average is +9%).
- Output increased in 12 out of 17 sectors in the three months to June. The motor vehicles and aerospace sub-sectors provided the largest contribution to the headline balance this month, while the food, drink & tobacco sub-sector made a negative contribution for the first time in just over a year.
- Total order books were seen as above normal to a lesser extent than last month (+18% from +26% in May), while the volume of export order books fell back to a normal level (+1% from +19% in May).
- Stocks of finished goods were seen as adequate in June, after being reported as inadequate in all but one month during the previous 13 months (+2% from -15% in May).
- Expected domestic price growth for the three months ahead eased markedly in June (+58%, from +75% in May and a survey record of +80% in March). This was the weakest expectations for selling price inflation since September 2021.
York Minster Neighbourhood Plan formally adopted
Leeds estate agent conquers The Yorkshire Three Peaks to raise thousands for charity
Switch to streamlined customs service now, 220,000 firms are urged by HMRC
“It takes businesses time to move across onto the Customs Declaration Service depending on the size and nature of their business so they must start the process now to ensure that they are fully set up ahead of the 30 September deadline.
“Postal operators, such as Royal Mail, will continue to make customs declarations on behalf of UK small businesses who receive goods from abroad by post, and inform them of any tax or duty owed.” To help all businesses and agents prepare for the Customs Declaration Service, more information is available on GOV.UK, including a Customs Declaration Service toolkit and checklists, which break down the steps traders need to take. The Customs Declaration Service will become the UK’s single customs platform after 31 March 2023, replacing CHIEF. After 31 March, businesses will have to use the Customs Declaration Service to make export declarations for goods they send out of the UK.