Economy
- Business
Industry giants back Gloucestershire bid for Nuclear fusion plant
Industry giants including Toshiba, Thales and Renishaw have announced their support in bringing the UK’s first prototype fusion plant to…
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Sisters Denise and Elaine James cleaning up with their waste business
Two sisters behind an East Midlands waste management business say they have had the busiest year in their 21 year…
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Biggest cut to train services in half a century leaves Scots high and dry
Let the train take the strain – it was a famous slogan used in marketing campaigns to encourage people to…
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UK house prices hit record high as homes remain in short supply
UK house prices hit a new record high in May as a lack of available properties coming onto the market…
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SNP Minister mocked for maintaining government cannot intervene in rail dispute
An SNP Minister has been accused of “desperate spin” after claiming that the Scottish Government could not intervene in the…
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Interest rates might have to rise further says BoE chief economist
The Bank of England’s chief economist, Huw Pill, has suggested that interest rate rises could have further to run in…
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North East economy falling further behind rest of country
The North East economy is falling further behind other parts of the country, with setbacks in all but one of…
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Bristol deputy mayor says inflation ‘risk’ to green business aims
Bristol’s deputy mayor has said there is a “real risk” increased economic strains could mean businesses make pivoting to greener…
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Doncaster granted city status for Queen’s Platinum Jubilee
Doncaster has been named as one of eight new cities as part of the Queen’s Platinum Jubilee celebrations. The South…
Read More » - Market
Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high
A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan…
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Government must act to prevent UK sleepwalking into recession
The Government has got to take more action to stop the UK economy going into a recession as inflation continues…
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Fred Done’s Salboy unveils £100m Newquay hotel and homes plans
A developer has said its £100m plans for a “landmark” redevelopment at a Cornwall tourism hotspot could create more than…
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CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows
Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to…
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Comparing the UK inflation rate with Europe, Dubai and USA
Russia’s invasion of Ukraine has seen inflation hit its highest level in decades for many countries. Rising prices for energy,…
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Rishi Sunak under pressure as inflation hits 9% sending food prices soaring
Rishi Sunak is coming under massive pressure to move on the cost of living crisis as inflation rocketed to nine…
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Four more rate hikes this year, warns City as inflation takes toll
T HERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation…
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Luxury watch sales still rising despite economic gloom
Sales of prestige watch brands such as Rolex, TAG Heuer, Breitling and Omega have shot up according to UK’s largest…
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Midlands recruitment firm heads towards £100m turnover
Management at a Midlands-based recruitment agency say they are heading towards £100 million in annual turnover as they mark 20…
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Retail spending increased 0.9% in April, boosted by demand and inflation
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as…
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High street shoe chain back in profit post-covid
Shoe Zone, the discount footwear chain, is back in profit as lockdown store closures begin to look like a distant…
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Powell says the Fed will not hesitate to keep raising rates until inflation comes down
US Federal Reserve Chairman, Jerome Powell, testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to…
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Hull given top billing at event aiming to inspire Levelling Up
The Invest Hull team is showcasing the city at the UK’s Real Estate Investment and Infrastructure Forum, promoting the array…
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FREE advice for UK businesses on meeting new climate risk disclosure regulations
In 2021, relentless headlines about extreme weather events brought home the reality that climate change is already here. From the…
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Tomahawk Steakhouse mulls purchase of own meat wholesaler to help control costs
The owner of restaurant chain Tomahawk Steakhouse is mulling the purchase of his own meat wholesaler in moves to keep…
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Nearly 10,000 Bristol jobs to be created by 2023, study finds
Bristol’s economy is expected to fall out of the UK’s regional top 10 but still expand by £500m and add…
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11,000 new South West firms founded in first three months of 2022
Thousands of companies were founded in the West of England in the first three months of the year, new research…
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Video gaming is huge globally and Wales needs to get a bigger slice of it
If you don’t have a teenage son, you may not ever have heard of the video game Grand Theft Auto…
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Superdry reports retail rebound as stores re-open and prices rise
Superdry has seen its revenue recover as shoppers returned to its stores following the lifting of Covid restrictions and it…
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Devon and Cornwall given £1.8m for free skills training courses
Local authorities in the South West have secured £1.8m to help support thousands of people into skilled jobs. Devon County…
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FTSE 100 Live: Weak GDP fuels stagflation fears, shares and Bitcoin fall again
1652341985 FTSE 100 down 2%, BP falls 3% The FTSE 100 index is down more than 2% as investors worry…
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UK recession fears grow as rising inflation set to leave more Scots struggling
The UK economy shrank in March as people began to reign in their spending amid the growing cost of living…
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UK economy shrank 0.1% in March
T he economy went into reverse in March for the first time since the end of last year as hard…
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Wales to get its own freeport
The go-ahead for a freeport in Wales is expected to be confirmed today following an agreement struck between the UK…
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Companies offering higher starting salaries in bid to attract staff
Starting salaries are rising “substantially” across the UK as companies struggle to attract new staff, a new report has found.…
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Environmental consultancy signs up for UK four-day week trial
An environmental consultancy has become the latest business to announce it will trial a four-day working week. Tyler Grange, which…
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Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation…
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Savers Regain Respect And Income
Bankers are welcoming savers and raising interest rates on deposits getty Applaud the Federal Reserve and Wall Street. Their new…
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The Newcastle firm giving all staff £1,500 to help with rising cost of living
A North East marketing group has given its entire workforce a £1,500 payout to help them cope with the rising…
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North East business group calls for emergency budget to help firms
The region’s largest business group has called on the Government to hold an emergency budget as the rising cost-of-living crisis…
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Private payrolls increased by 247,000 in April, well below the estimate, ADP says
A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30,…
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Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive…
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Regulators propose first major revamp to fair housing rules since 1995
Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development…
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Worker output fell 7.5% in the first quarter, the biggest decline since 1947
People work at the Rivian Automotive electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Worker…
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‘Unretirement’ is becoming a hot new trend in the sizzling U.S. labor market
A worker grinds a weld on a safe that is being manufactured at Liberty Safe Company on March 22, 2022…
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Inflation outlook for consumers falls from record high, Fed survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg…
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Payroll growth accelerated by 428,000 in April, more than expected as jobs picture stays strong
The U.S. economy added slightly more jobs than expected in April amid an increasingly tight labor market and despite surging…
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Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he’s confident inflation will come back…
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Price rises at record level as businesses look to offset soaring costs
Businesses in almost all areas of the UK have been forced to push up prices to record levels as cost…
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Business activity falls in North East as region trails rest of UK
Business activity in the North East fell in April as companies faced a growing range of headwinds, a new survy…
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East Midlands business activity levels off as due to inflation
Business growth across the East Midlands has slowed as sales price inflation hits record rates. According to the latest NatWest…
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