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Chris  Hargreaves, Managing Director - GS Hydro UK

"Custom Fittings are a 1st tier supplier to GS Hydro for stainless steel high and low pressure hydraulic components. For over 20 years Custom Fittings have been our preferred supplier due to the high ... Chris Hargreaves, Managing Director - GS Hydro UK

James Tidy, Director - Tidyco Ltd

We have been using Custom Fittings for many years now, they offer fantastic customer service as well as top of the range products. We could not recommend them more highly and will continue to use them... James Tidy, Director - Tidyco Ltd

Anthony Smith, Sales Director - Fluid Power Services Ltd

"Custom Fittings have been the number one supplier for stainless steel fittings to Fluid Power Services for over 25 years now.In the early years our requirements were for standard off the shelf parts ... Anthony Smith, Sales Director - Fluid Power Services Ltd

Paul Murphy, Sales Director - Dockweiler UK

"We have now been using Custom Fittings for over 10 years as our preferred supplier for all our hygienic hose inserts & ferrules ,We have found the quality of the finished products & the sales... Paul Murphy, Sales Director - Dockweiler UK

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Our latest news posts

  • Five Things You Need To Know About the UK Recovery

    27 Jul 2015

    Much has been made of the UK economic recovery following the 2008 financial crisis which brought much of the world to its knees. As sub-prime mortgages and dodgy banking caused much of the global economy to shrink, so did the UK’s economy, causing massive cuts in public funding and a great deal of public pain. With all that being said, the UK economy has seen growth in every quarter for two years now and tax receipts are up higher than the government expected them to be. That’s excellent news for the recovery, but that’s hardly the full story. In this short piece I’ll outline five of the things you should keep in mind about the UK recovery.

    • It’s slowing

    As previously mentioned, the UK economy has seen 8 consecutive quarters of growth, but that doesn’t show what’s really been going on. Firstly, it’s important to note that growth has never been more than 0.9% in a quarter, and has been broadly patchy. Going from 0.6% in Q1 2013 to 0.7% in Q3 of that year, followed immediately by a drop to 0.4%.

    Perhaps of most importance is this last quarter saw the sharpest drop in growth since mid-2012. Q4 2014 saw 0.8% growth, whilst the first quarter of 2015 saw a drop to 0.4%. Banks are under the belief that this is only a temporary blip on the road to strong growth in the future, but it proves that the UK still isn’t completely out of the woods. Needless to say, the Q2 2015 numbers will be of extreme interest.

    • Wages are only now improving

    Wages are now rising again in real terms after falling consistently since Q1 2008 because inflation was higher than what small pay growth there was during the downturn. The return to growth is largely down to inflation being close to zero rather than any major rises in wage. Pay growth was at 2.7% in the three months to April. ONS figures showed that British households are still £500 per year worse off than they were before the financial crash in 2008.

    • The UK is a top G7 performer

    It’s not all bad news though, because the UK is one of the top performers in the G7 group of industrialised countries. That might not sound terrifically impressive, but when you consider that the group includes France, Germany, Italy, Japan, Canada and the United States as well as us, you begin to understand what an achievement that is. Indeed, only the United States had greater International GDP growth. It’s an important achievement for the UK, but one which could be destabilised by the Greek crisis.

    • Productivity is stagnant

    Despite experiencing stronger growth than much of the G7, the UK’s productivity per hour has been lacking. Over the last 7 years, productivity hasn’t gone up at all, which means that whilst more people are in jobs, their output hasn’t increased. Economists are warning that this could mean that the country struggles to raise living standards.

    • Growth remains in the south, largely

    For all the talk of a ‘Northern Powerhouse’ by the Chancellor George Osbourne, growth has been largely focussed in the South. Indeed, the only areas of the UK where gross value added per head are in the South East and in London, everywhere else is down. The government seem keen in changing this poor record, but with London’s house prices soaring and more and more businesses being sucked into its pull, it’ll be no easy task.

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  • What Does the Greek Vote Mean for UK manufacturing?

    17 Jul 2015

    The decision made by the Greek people on Sunday whether to reject the austerity proposals suggested by Europe or to accept them was always going to be a crucial one. On the ‘No’ side was the prime minister, Alexis Tsipras, and his finance minister, Yanis Varoufakis, who had declared that the EU’s proposals were ‘terrorism’. On the other side, a number of leading Greek intellectuals and a good proportion of the population. The debate had become about national pride, with the ‘No’ camp insisting that this wasn’t a vote to get out of Europe, but a vote to stand up for the pride of Greece. Ultimately, the Greek people favoured the ‘No’ vote with 61.3% of those asked siding with the anti-austerity vote.

    It leaves Greece in a curious position; in active negotiations with the Eurozone for better credit terms whilst their banks run out of money and the people are forced to make do with severely limited funds from cash machines. As we speak, Greece are around the table with other Eurozone leaders and following the sacking of Mr Varoufakis, there’s even a new, less hard line minister in the form of Euclid Tsakaotos, a British educated intellectual and Leeds United fan. Clearly, there is a long, tough road ahead. The Greek economy is far less advanced than its European cousins and it’ll have to either expand greatly or impose tough austerity measures in order to pay back the £234 billion it owes.

    With all of this gloom, it’s important to consider where the UK stands to lose out should the Greek economy completely collapse. The news, whilst potentially devastating to the 11 million people of Greece, doesn’t pose a huge threat to the UK in the imminent sense. Although 60% of the money Greece owes is to other European nations, the UK is only owed £1 billion, which is pale in comparison to the £40 billion Germany are owed by the Mediterranean nation. Their economy is quite insular too, meaning that should Greece stop exporting and importing as much as it does, it wouldn’t necessarily collapse nearby countries either.

    Perhaps of most interest to UK businesses is what the Greek vote will mean for UK manufacturing. Well, the key statistic here that is for all of the exports to Europe that the UK make, only 1.2% were destined for Greece. Of course, it’s completely unfeasible that Greece would stop importing altogether, so we might only see a few tens of a percent falling away from that number. Indeed, the greater threat comes from a general fall in the strength of the European economy. With that, the UK could see exports drop by a few percentage points, which would put the UK economy on slightly rocky ground.

    Thus far, the UK recovery has been relatively strong with two years of constant growth in GDP, albeit gentle and uneven growth. In the past quarter we saw growth slow from 0.8% in Q4 2014 to 0.4% in Q1 2015. That’s still positive, but it shows that the UK economy still isn’t completely out of the woods. Growth is still forecast at 2.4% in 2015 though, which shows that outside of the Greek crisis and their potentially imminent exit from the EU, the UK is on sure footing. That’s great news for manufacturers such as custom fittings, who should see their exports increase steadily, although we can’t yet assume that the events in Greece won’t affect us.

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