Iain Cameron suggests how successful growth sectors could show other sectors.

Uk Growth: 2008 – 2016

Published on
November 17, 2017

Iain Cameron

In the eight years 2008-2016 the UK economy only grew by about 10 pc and currently is slowing further. This 10pc is about £173bn in constant price terms. The growth driver has been the service sector and within that sector over the same period four subsectors have in aggregate grown by around £180bn as gross value added (GVA).

They are:

Administration and Support Services – GVA growth £50bn

Professional Scientific and Support Services – GVA growth £51bn

Information and Communication Serivces – GVA growth £36bn

Retail and Wholesale – GVA growth £44bn

Other sectors have grown – for example the Manufacturing Sector grew by. £20bn. Indeed the non financial private sector which accounts for about 60pc of the economy grew by around £290bn or CAGR of 3.5pc. This suggests that the problem of slow growth is concentrated in the other 40pc. Has the economic policy of austerity restricted the growth of the public sector to the overall detriment of the economy as a whole for example ?

The problems of the financial sector have been widely discussed and the sector faces further challenges with Brexit. Austerity is likely to continue under the present Government and so future UK economic growth is likely to rely on the service sector especially the hot spots.

The four subsectors listed above probably form a cluster with a network of commercial and other linkages between the relevant firms mutually contributing to the overall strength of the cluster. Within the cluster the CAGR has been an impressive 9pc.

The Government is committed to producing an industrial strategy and these figures suggest that a key plank of the strategy should be accelerating the spread of the tools and techniques that have helped drive the high growth service sectors  to other parts of the economy.

Author: Iain Cameron.

Christopher Macgowan.

@chrismacgowan

Advertisements
Posted in Uncategorized | Tagged , , , | Leave a comment

Dubai International Motor Show.

The region’s premier motoring event to shine spotlight on electric cars as UAE prepares to lead the way in clean, zero-emission personal transportation.

Buyers of zero-emission vehicles in Dubai can take advantage of a number of benefits

November, 2017: Dubai’s push for a cleaner greener future under the Dubai Clean Energy Strategy 2050, in which the emirate aims to have the world’s lowest carbon footprint by 2050, has resulted in a range of initiatives and incentives across all sectors of industry – including the automotive sector, so it’s perhaps no surprise that hybrid and fully electric vehicles have been quietly making an impact in the market.

Earlier this year, the Dubai government announced a range of initiatives to encourage motorists to go green, including free use of charging stations across the emirate until the end of 2019, complimentary ‘green’ parking, free vehicle registration and renewal fees and free Salik tags.

Recognising Dubai’s keenness to go green and the huge potential for the sector, the 2017 Dubai International Motor Show will shine the spotlight on electric mobility, with influential manufacturers identifying the Middle East’s premier automotive event to showcase their latest products and launches to meet the increasing demand for eco-friendly personal transportation.

As the Middle East and Africa’s premier automotive event, the Dubai International Motor Show has established itself as the ultimate sales-driven showcase for global automotive brands and the trusted voice for a passionate audience of serious buyers. The 14th biennial edition will be attended by the world’s leading automotive industry players, including new and returning exhibitors from all over the world.

“It is testament to the diversity of the Middle East’s motoring culture and the visionary Dubai leadership that the leading manufacturers of electric and hybrid cars see great potential in a region that has been dominated for so long by the petrol engine. The Dubai International Motor Show is the perfect platform for these exhibitors to showcase the incredible new technology that is shaping the industry’s future to the region’s car fans,” said Trixie LohMirmand, Senior Vice President, Exhibitions and Events Management, Dubai World Trade Centre.

“The infrastructure for recharging these all-electric cars in Dubai is in place and growing all the time, and we look forward to reaping the benefits of having more zero emission cars being on our roads in the near future.”

Toyota is another major manufacturer making noise in the electric vehicle space with the Mirai, its hydrogen fuel cell electric vehicle (FCEV) that made a first appearance in the Middle East at the 2015 Dubai International Motor Show and one that is surely going to receive greater attention when it forms part of the brand’s display alongside other hybrid electric vehicles including the Prius and another that will be unveiled at this year’s show.

“The zero-emission Mirai is a startling look into the future of mobility and represents a brave step into electric propulsion aiming at improving air quality. The Mirai runs on hydrogen rather than petrol, emitting only water from the tail pipe. In the onboard Fuel Cell Stack, hydrogen combines with oxygen from the air to generate electricity that powers the vehicle’s electric motor and other controls,” said Saud Abbasi, Managing Director of Toyota at Al-Futtaim Motors

Lexus, the luxury automotive brand and the largest supplier of hybrid electric luxury vehicles in the UAE, will be showcasing its range of hybrid luxury cars while keeping the promise of “Experience Amazing”, as will be plenty of other household name marques that see electrification as a vital part of their futures.

The BMW Group is another major automotive player to be showing its market-leading green mobility credentials at the 2017 Dubai International Motor Show. The German manufacturer, which was one of the first to establish a base in the region, back in 1994, and has participated in all 13 editions of the show to date, and has already shown its electric capabilities in the region having introduced the BMW i8, its plug-in hybrid sports car, and the 330e, 530e, 740Le, X5 40e hybrid plug-ins.

“BMW Group engineers around the world are already working today on the mobility of tomorrow and visitors to our stand at the Dubai International Motor Show will bear witness to that – we currently have the biggest line-up of plug-in hybrid vehicles,” said Osman Abdelmoneim, General Manager, AGMC.

“At AGMC, we are committed to constantly evolving our offering to meet the desires of our customers, and we are increasingly seeing demand for hybrid and electric cars as customers pay notice to sustainability and the future.”

No matter your interest in cars, motorcycles, technology or aftermarket tuning and modifications, the Dubai International Motor Show is foremost a family-focused event that will keep young and old entertained with a host of live action spectacles, drifting, off-roading, and interactive motoring simulators.

New and exciting for features for 2017 include Tuning and Styling workshops, which will allow visitors to witness a comprehensive transformation of a standard vehicle; the Legoland Dubai Driving School, a real-life driving experience for children; and the Watch Lounge which will highlight the synergies between watching making, motor vehicles and motor sports.

The 2017 Dubai International Motor Show is open from 6pm to 10pm on Tuesday, 14 November; 11am to 10pm on 15 November; 11am to 11pm on 16 November and 17 November; and from 11am to 10pm on 18 November.

With online day tickets available from only AED50, on-site tickets start from AED 65 for single-day entry or AED 100 for a two-day ticket, with children under 12 entering free. Children under the age of 16 must be accompanied by an adult. For more information visit the show’s website at: www.dubaimotorshow.com

Christopher Macgowan

@chrismacgowan

Posted in automotive | Tagged , , , , , | Leave a comment

Commercial Fleet Awards: November 30th.

Commercial Fleet Awards 2017 return on the 30th November at the Hilton Birmingham Metropole Hotel.

Following the success of moving the Commercial Fleet Awards to its prestigious new home, the Birmingham Hilton Metropole in 2016, the awards will return again on Thursday 30th November 2017.

Over 610 of the industry’s great and good came together in 2016 to recognise and celebrate the critical role the industry plays in keeping British business moving, and this year’s event looks set to be even bigger and better.

The event, which is seen as an integral part of the commercial fleet industry calendar, will offer a vital opportunity for the industry to come together, network and celebrate its successes.

Fleet operators will have the opportunity to demonstrate commitment to the highest standards in terms of operation, innovation and safety. Whilst the manufacturer categories compare vehicles across a number of core fleet criteria, including payload, safety, technology, running costs, fuel efficiency, reliability and aftersales service. The supplier categories are also open to companies supplying products and services to commercial vehicle fleets, and reward great service and innovation.

Guests will be entertained by one of the best hosts in the business, and once the formalities are completed, there will be further entertainment with a top celebrity comedian, music and dancing.

Christopher Macgowan

@chrismacgowan

Posted in automotive | Tagged , , , , | Leave a comment

A New SIMPLY rally for Beaulieu in 2018


Building on the success of Beaulieu’s record-breaking Simply season, a new rally and extra features have been added to the 2018 Simply calendar.

By popular demand, the first Simply Audi event will take place at Beaulieu on Sunday April 29th, when owners of the popular marque can gather in the grounds of the National Motor Museum and meet like-minded enthusiasts.

In the 70th anniversary year of the Land Rover next year, Beaulieu will also add the new feature of Simply Rummage to its popular Simply Land Rover event on Sunday June 24th.

Beaulieu Events Manager Judith Maddox said: “At the request of owners and enthusiasts’ groups, we are pleased to announce the addition of Simply Audi to our range of popular Simply events. We are looking forward to attracting big numbers in its first year.

“Simply Rummage is also an exciting new feature, with a special autojumble devoted to offering much sought-after spare parts for the nation’s favourite 4×4.

“Our Simply season has grown from strength to strength in 2017, with many of this year’s events breaking previous records, and we hope to build on that again next year.”

Beaulieu will launch its 2018 Simply Season with Simply Aston Martin on April 8th, followed by Simply Audi on April 29th, the biggest Simply event Simply Ford on May 6th and Simply Porsche on June 3rd. Simply VW, sponsored by Breeze Volkswagen Group, will be part of Father’s Day weekend celebrations on June 16th, followed by Simply Land Rover with its new feature on June 24th, Simply Jaguar on July 8th, the popular Simply Japanese on July 29th and finishing with Simply Smart on November 11th. Simply rally participant tickets, for those taking part in each of the rallies with their car, will be available in advance or on the day of the event. Advance tickets will be available until 5pm of the Thursday before the rally at £10 per adult and £5 per child, while tickets purchased later or upon arrival at Beaulieu will cost £12 per adult and £6 per child. All other visitors should enter the attraction through the Visitor Reception building and buy tickets at the usual admission price. For more information see http://www.beaulieu.co.uk/events or call 01590 612888.

Simply participant tickets also offer admission to the whole of the Beaulieu attraction including the National Motor Museum with is collection of more than 250 vehicles, the new-look World of Top Gear, On Screen Cars, the ancestral Montagu home of Palace House, 13th century Beaulieu Abbey and the stunning grounds and gardens.

Christopher Macgowan

@chrismacgowan

Posted in National Motor Museum | Tagged , , , , , , | Leave a comment

American and European Motor Vehicle Parts Suppliers call for Free Trade and Harmonized Standards


 WASHINGTON, D.C., and BRUSSELS — In a joint statement released today, the American-based Motor & Equipment Manufacturers Association (MEMA) and the European Association of Automotive Suppliers (CLEPA) voiced support for free and fair trade, access to raw and finished materials, and harmonized safety and environmental standards that will allow motor vehicle parts manufacturers to remain competitive in a global marketplace. The statement is seen to underline the positive impact of international trade, in times of rising concerns about globalization and protectionism.

“Suppliers need open, free and fair trade for access to raw materials, finished components, and customers,” the statement says. “Illegal regional or national subsidies on goods or production, restrictive non-tariff barriers to trade (including testing and marking requirements), and lack of participation in the world market limits both the domestic and global competitiveness of all suppliers.”

MEMA and CLEPA also call for trade policies that address trade distortions and preserve open markets while maintaining and improving existing agreements. The two trade organizations also advocate for mutual recognition of vehicle safety and emissions regulations in the U.S. and the EU, as well as to work within the framework of the United Nations’ World Forum for Harmonization of Vehicle Regulations (WP.29) to establish safety and environmental global technical regulations. Harmonized standards reduce costs while promoting advancements in new and innovative technologies, the statement says.

“These actions serve to protect the international rule of law and strengthen the opportunities for all participants to thrive in a fair and free global marketplace,” the statement says. “The international motor vehicle parts supplier industry is leading the way in technological advances that will enable safer, smarter, and more efficient vehicles,” said MEMA President and CEO Steve Handschuh. “We are at the cusp of the biggest technological changes in 100 years. It is critical that free and open trade facilitate our ability to innovate and compete in the global marketplace.”

“Our sector operates in a highly integrated supply chain, with components often crossing borders, multiple times, to become a finished part or end up in a vehicle,” said CLEPA Secretary General Sigrid de Vries. “Automotive suppliers need easy and fair access to foreign markets to evolve competitively, underpinning growth and employment around the world.”

About MEMA and CLEPA

MEMA represents 1,000 vehicle suppliers that manufacture and remanufacture new original equipment and aftermarket components and systems for use in passenger cars and heavy trucks. MEMA represents its members through four divisions: Automotive Aftermarket Suppliers Association (AASA); Heavy Duty Manufacturers Association (HDMA); Motor & Equipment Remanufacturers Association (MERA); and, Original Equipment Suppliers Association (OESA). Suppliers are the largest employer of manufacturing jobs in the United States, directly employing over 871,000 Americans with a total employment impact of 4.26 million jobs and an economic contribution of $435 billion (2.4% of U.S. GDP). Visit http://www.mema.org

CLEPA is the European Association of Automotive Suppliers. Over 120 of the world’s most prominent suppliers for car parts, systems and modules and 23 National trade associations and European sector associations are members of CLEPA, representing more than 3,000 companies and covering all products and services within the automotive supply chain. Based in Brussels, Belgium, CLEPA is recognised as the natural discussion partner by the European Institutions, United Nations and fellow associations (ACEA, JAMA, MEMA, etc.). Visit http://www.clepa.eu

Christopher Macgowan

@chrismacgowan

Posted in automotive | Tagged , , , , | Leave a comment

WIGGO’S McLAREN SPORTHOME AT BCA

BCA offers a unique opportunity for buyers later this month when Sir Bradley Wiggins’ Sporthome is offered for sale at BCA Blackbushe on 21 September.

 
The coachbuilt Sporthome by McLaren is based on a long-wheelbase Mercedes-Benz Sprinter 316 2.1 with manual transmission. It was commissioned by Sir Bradley in 2014 and while finished in white, has been vinyl wrapped in Team Wiggins colours of blue with chromed wing mirrors and bull bar and 8-spoke alloy wheels. It has covered 5,500 miles.
 
The Sporthome features bespoke red, white and blue leather seating with ‘Wiggo’ detail on the headrests. The custom GB-inspired interior includes a double bed, combined shower/toilet, integrated kitchen area with fridge, cooker and wash basin, overhead lockers and a storage area/repair bay for cycles. 
 
There is a seating area with two swivel seats and fold down table and five television screens (two with Sky). The driver’s area has two leather seats and a custom GB dashboard with integrated Kenwood satellite navigation and CD unit. The vehicle is fitted with privacy blinds throughout for overnight stays and there is air conditioning throughout.
 
The Sporthome has five doors, including a sliding side door and barn doors to access the storage and workshop area. It is fitted with two roof windows and a pull-out awning for camping and overnight stays. 
 
The Sporthome will be offered for sale at BCA Blackbushe on Thursday 21 September from 11.00 am. See the full catalogue listing and images online at http://www.bca.co.uk

Christopher Macgowan

@chrismacgowan

 
 

Posted in automotive | Tagged , , , , , | Leave a comment

Record numbers for Beaulieu Supercar weekend.


750 stunning supercars roared into the grounds of the National Motor Museum to join the Beaulieu Supercar Weekend on August 5th and 6th, with 14,700 visitors experiencing the tyre-squealing, high octane action of the two-day show.

Motoring fans of all ages lined Beaulieu’s Chestnut Avenue for demonstration runs, as some of the most impressive supercars were put through their paces in these fierce tests of acceleration and braking. Burning rubber and thrilling on-lookers as they powered off the line were such highlights as the McLaren 570S, Ferrari F40, Porsche 911 GT3 RS, and the brutal, lightweight KTM X-Bow. Amongst the loudest cars was the Ferrari 360 Challenge Stradale, which pleased the crowds with the scream of its 3.6-litre V8 engine.

The Supercar Sound-off was sure to make the hairs on the back of your neck stand up as top cars were pitted against each other to see which one had the best-sounding engine. Parked nose-to-nose on the Beaulieu Arena with engines revving, cars put to the test included the Jaguar F-Type SVR, Aston Martin Vanquish, McLaren 720S and Range Rover SVR. The loudest cheers from the crowd declared the Aston Martin to be the winner.

The Battle of the Brands brought together a jaw-dropping selection of machines from the world’s leading supercar-building nations, with cars from Italy, Germany, Japan, Great Britain and America centred around Beaulieu’s giant globe. Surrounded by admirers throughout the weekend was the eye-catching lime green Lamborghini Huracan Spyder, as was the new McLaren 720S which boasted 710bhp and a top speed of 212mph. At the cutting-edge of technology were the impressive Honda NSX and BMW i8 hybrids, while visitors could also see up-close such dream machines as the Ariel Atom 35R, Alfa Romeo 4C, Nissan GT-R, Dodge Viper ACR and Ford Mustang GT.

Show-goers explored the Super SUV Secret Garden in Beaulieu’s Wilderness garden to discover 16 of the most impressive high-performance off-roaders. The stripped-down Ariel Nomad, capable of accelerating from 0-62mph in just 3.4 seconds, contrasted with the electric-powered Tesla Model X with its amazing ‘falcon wing’ rising doors. Other luxury 4X4s on show included the Maserati Levante S Q4, Jaguar F-Pace, Bentley Bentayga, Audi SQ7, Range Rover SVR and Porsche Macan S.

The Beaulieu Supercar Weekend was a rare opportunity to see race track and road-going versions of the latest Ford GT parked side-by-side, as well as examples of the legendary Jaguar XJ220, Ferrari F40 and BMW M1. The variety of the supercars parked up in the event fields was staggering, including no less than two DeLoreans, several Nobles, a Nissan 350Z NISMO and an Ultima GTR. Also on show was a wide variety of Aston Martins, ranging from a 1962 DB4 Vantage to the latest DB11, plus five Dodge Vipers, a rare MG SV-R and a classic 1960s Marcos 1800.

Car club stands were another impressive feature, with the Lotus Driver’s Club and Porsche Club GB leading convoys of their members’ cars into the show. The TVR Car Club stand was packed with first-class examples of this legendary British muscle car, including examples of the Tuscan, Tamora, Chimaera, Griffith, Cerbera and T350.

On the lawns of Palace House, the historic home of the Montagu family, Classic Insurance Services displayed a selection of prestigious classic supercars, ranging from a classic Jaguar XK140 and Maserati Sebring up to an Aston Martin Volante and a lightweight VUHL.

The Beaulieu Supercar Weekend will return for 2018, for the latest information on this event and the complete Beaulieu events calendar, visit http://www.beaulieu.co.uk/events or find us on Twitter @Beaulieu_Hants, on Facebook at /nationalmotormuseum or on Instagram @national_motor_museum.

Christopher Macgowan

@chrismacgowan

Posted in automotive, National Motor Museum | Tagged , , , , | Leave a comment