economy

‘We need more women engineers to fuel Plymouth’s economic growth’

Authored by News Desk

A leading Plymouth civil engineer says encouraging more women into the profession is vital for re-booting the city’s economic growth after the COVID19 pandemic.

Katy Toms, South West Chair of the Institution of Civil Engineers (ICE) and a senior engineer, based at WSP in Exeter, is highlighting the importance of greater diversity of talent ahead of International Women in Engineering...

New Report Reveals Daily Impact Of Coronavirus Lockdown On South West Economy

Authored by News Desk

A new report has revealed the daily impact of the coronavirus lockdown on the South West economy and highlighted which sectors are performing the strongest and protecting the UK from even greater damage.

According to UK Powerhouse, a report by Irwin Mitchell and the Centre for Economic and Business Research (Cebr), GVA is estimated to be falling in the region by 36%, or £185m a day...

SW economy sees strong end to 2016

Authored by George Dawson

The South West economy grew at one of the fastest rates in the UK during December, with business activity and the number of new orders rising sharply, according to the latest Lloyds Bank Regional PMI.

The South West PMI® rose to 58.7 in December, up from 56.6 in November. A PMI reading above 50 signifies growth in business activity.

Data for December also showed that employment...

EU Single Market critical to regional economy

Authored by Mary

The UK’s membership of the European Union has helped boost job creation and growth in the South West for more than forty years, with as many as 250,000 jobs in the region currently linked to exports to the Single Market, the CBI argues.

According to figures from HM Treasury, there is the potential to create 74,340 future jobs for the South West if the UK remains in the EU, and...

SW sees slowest rise in output in 2.5 years

Authored by Mary

The South West private sector grew at the slowest rate in nearly two-and-a-half years in September, according to the latest PMI® survey data, mirroring the trend shown across the UK as a whole.

This mainly reflected the first decline in new business since March 2013. Employment continued to rise, but at the slowest rate seen across the UK. The latest survey also signalled a decline in...

New coastal teams to help local economies thrive

Authored by News Desk

Seaside communities are being urged to create dedicated Coastal Community Teams to drive forward economic regeneration and a long-term vision, by new Coastal Communities Minister Mark Francois today (16 June 2015).

The government is providing over £1 million to set up 110 Coastal Community Teams to deal with the specific economic challenges faced by seaside towns and take forward a...

Growth rates for output and new business pick up in March

Authored by News Desk

The South West private sector economy registered a faster increase in output in March, according to the latest PMI® survey data.

This was accompanied by a stronger gain in incoming new business, a rise in backlogs of work and sharper job creation. The latest survey results also signalled weaker price pressures, as input price inflation slowed and firms’ charges were broadly unchanged...

UK economy has best growth since 2007

Authored by Huw Oxburgh

The UK economy has had its fastest growth since 2007,with UK GDP growing by 1.9% of in 2013 according to a report from the Office for National Statistics (ONS).

GDP used as the primary measure of a country’s economic growth, grew by 0.7% in the last quarter of 2013, down slightly on the 0.8% growth seen in the third quarter.

While growth is at the highest it has been for...

Miliband pledges to build homes and to cut rates for small businesses

Authored by News Desk

In his conference speech on Tuesday (24 September 2013), the Labour leader Ed Miliband is expected to pledge a business rate cut for small firms and build 1,000,000 new homes, if his party wins the next general election.

The announcement will form part of a key note address to the Labour Party conference in Brighton, setting out part of Labour's alternative for the UK economy.

...

Ed Balls: A Labour government would show an 'iron discipline' on the economy

Authored by Matthew Vizard

The Shadow Chancellor of the Exchequer, Ed Balls MP has outlined some plans and priorities for an incoming Labour government and stressed he would bring an "iron discipline" if Labour are elected to power at the next general election.

In a speech to an audience at the media giant, Thomson Reuters in London, Mr Balls said that Labour would cut winter fuel payments for the richer members...

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