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AFA Aerospace Summit Awards: Nominations Open

AFA's Aerospace Awards recognize companies and community members who have gone above and beyond, especially in the time of COVID-19. Nominate a deserving company, executive, or emerging leader for special recognition at the upcoming 15th Annual Aerospace Summit. Nominations are due by October 9th. Find out more about the award categories and send in your nominations.

UK and US finance industries join forces to propose a vision for closer regulatory cooperation

24 September 2020 Contact: Dominic Parker, Communications Manager dparker@babinc.org | 020 7290 9882 | +44 7500 115352 Leading representatives from the UK and US financial and related professional services industries have joined together to propose a united business vision for future UK-US regulatory cooperation and dialogue. The group’s proposals aim to help forge even closer links between the hosts of the world’s two foremost financial centres. The paper is released on the same day that the group relaunches as the British American Finance Alliance (BAFA). BAFA’s recommendations seek to build on the success of the UK/U.S. Financial Regulatory Working Group (FRWG), announced by HM Treasury (

UK-U.S. Free Trade Agreement: Fourth Round of Negotiations Completed

Last week marked the end to the fourth round of the UK-U.S. Free Trade Agreement (FTA) negotiations. The round began September 8 and concluded on September 18. It included 29 sessions covering around 16 different chapter areas. From the UK government statement, significant progress has been achieved since launching negotiations in May 2020. In total, 132 sessions have been held over the past four negotiating rounds involving officials from 20 different UK Government departments and agencies. Most chapter areas are now in the advanced stages of talks and a notable milestone was achieved as both sides exchanged their first tariff offers, allowing a series of detailed market access discussions

BABC Member Moore Kingston Smith Shares Insights on Chancellor’s Winter Economy Plan

Amid continuing uncertainty as a result of Coronavirus, the Chancellor of the Exchequer yesterday cancelled his proposed autumn Budget, and today announced a number of further support measures. The Coronavirus Job Retention Scheme has long been due to end on 31 October, and with restrictions starting to increase once again, pressure has been mounting on the Chancellor to announce some sort of extension. The Chancellor made it clear once again that the furlough scheme cannot continue, but he did announce a new measure – the Job Support Scheme – which is designed to provide some support for jobs which remain viable but which are likely to be less in demand over the coming months.

Aerospace Business in a Strong Defense Market

Thank you to our BABC partner Northwest Aerospace News magazine and Dean Cameron for their support of our BABC/PNDC Transatlantic Aerospace & Defense Virtual Summit this December 3. Read insights on the defense market from our Summit speaker Ryan Peoples, and his colleague, David Hiley, in an extensive article published in this fall's issue. And mark your calendars to join us on December 3 virtually. Registration opening soon. Read the article.

BABC Member Dale Carnegie Oregon Training Shares Whitepaper on "Developing a Resilient Workforce"

Resilience refers to people’s ability to “bounce back” from adverse experiences and is characterized by the capacity to cope, recover and learn from them. Research now suggests that – rather than being an innate trait that people have or don’t have – resilience is the result of a process that combines individual characteristics, behaviors and attitudes, and work-related environmental factors, many of which can be developed. Resilience is associated with reduced stress, increased engagement and better performance. Creating a resilient organization that can successfully “bounce back” and grow from adverse experiences has become increasingly critical given the challenges we face today. For lead

Got a Solar, Hydro, or Desalination idea? The DoE has a contest for you.

Got a Solar, Hydro, or Desalination idea? The Department of Energy (DOE) has a contest for you. The deadline for submissions is October 8, but the process is relatively easy. BABC member David McFeeters-Krone is an official connector for the program. If your company or colleague has an idea, reach out to David at dmk@intelassets.com and he can assist in walking through the submission process. Learn more about the challenge.

BABC Partner BBS Shares Updates on Relief & The Coronavirus Grant Program

Since mid-March of this year, the BBS has provided over $102,000 in financial aid including 37 Covid-19 Grants of $1,500 each. The number of weekly requests for assistance has declined, but the complexity of situations for those in need continues. The BBS has repatriated 3 Brits who decided that remaining in the U.S. was not sustainable. Other requests for the Covid-19 Grants were justified by the need to help pay for essential needs such as insurance, groceries and medication. In one of the non Covid-19 related cases, BBS received a query from a Brit in her 80's. She had fallen on hard times and needed assistance covering essential medical bills, renewing her Green Card and British

BABC Member Meridian Finance Group Highlights Trade Credit Risk Concentrations on the Rise

Suppliers in many industries are selling to fewer customers than they were six months ago. The COVID-19 pandemic and ensuing economic downturn have left a smaller number of companies standing, let alone in a position to keep placing orders. Even suppliers whose total revenues are growing may be doing business with not as many customers as before. Customers who are still buying tend to be larger companies with the market share, critical mass, and financial flexibility to weather the storm. Naturally suppliers want to keep selling to their key customers, but these circumstances are concentrating credit risks. Exposures are being heightened further by large customers insisting on longer payment

BABC sister chapter, BritishAmerican Business, Publishes Discussion Paper on the Challenges of Food

BABC sister chaper, BritishAmerican Business (BAB), has published a new discussion paper: The Challenge of Food and Agriculture in a U.S.-UK Trade Agreement. The paper seeks to contextualise the thorny issue of market access for agri-food products by explaining how they are handled in trade negotiations, how and why standards differ, and what could be a possible solution for the U.S. and the UK. The paper argues that a whole range of options, from labelling to conditional tariffs – while not desired – should be explored to break the stalemate on market access for food and agricultural products. All discussions on the subject need to be as objective and outcome-driven as possible, focused on

BABC member HSBC shares four areas businesses can work on to build resilience and overcome the impac

The COVID-19 pandemic has turned the business world upside down. The importance of resiliency at this time cannot be overstated as the economic environment is more dynamic and chaotic now than it has been in years. HSBC’s recent Navigator Survey examined the impact the pandemic has had on enterprises and explored the ways businesses of various sizes can build their resilience to overcome the hardships brought about by this crisis. A key finding of the report was that British organisations felt a more acute impact from the pandemic than companies globally – with 83% of UK firms feeling it strongly versus an average of 72%. That said, most UK organisations did feel they were prepared. Since th

'Be Cloud Smart': BABC member KPMG shares insights on how cloud technology unlocks competiti

In the wake of COVID-19, cloud has emerged as the top business-critical technology. And all signs suggest that cloud technologies will be the driving force of the new economy. In this edition of BABC member KPMG's Privately Speaking, the experts explain how cloud technologies are delivering value (and enhancing resilience) for private enterprises and how private company leaders can extract more value from their existing cloud strategy. Read the insights and access the full report.

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Moore Kingston Smith is a dynamic, leading UK firm of accountants and advisers to businesses which range from entrepreneurial start-ups through to large international groups. The firm is a leading member of Moore Global, a worldwide accountancy and consulting network of more than 260 firms, helping to navigate the complexities and opportunities of business on local, national and international levels. Moore Kingston Smith has a dedicated North America Group of international expansion specialists that have been supporting both UK companies planning to expand to North America and businesses from across the Atlantic looking to enter the UK market for over three decades.

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