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Economy

Wales lags behind English regions on new economic competitiveness index
Economic Development
A new measure of economic competitiveness across Wales and England has been devised by Professors Robert Huggins and Piers Thompson
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Welsh businesses remain the most confident in the º£½ÇÊÓƵ
Economy
Lloyds has published its business barometer for July
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Business confidence in South West falls – but firms remain focused on growth
South West
Businesses across the region reported lower confidence in their own prospects last month, according to the research from Lloyds
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North East business confidence ahead of national average for fourth month in a row
Economy
Views on the wider economy were more positive than firms' attitudes towards their own prospects
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We need to be smarter on unlocking the huge potential of º£½ÇÊÓƵ innovation
Economy
Universities can provide research excellence but only businesses can ensure that innovation translates into sustainable growth.
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Why it's time to bring back a new version of the Welsh Development Agency
Wales
Wil Williams on why Wales needs to bring back a version of the Welsh Development Agency as advocated by Plaid Cymru.
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Tens of thousands of South West firms in 'significant' financial distress
SMEs
Volatile consumer spending and tax rises are putting pressure on businesses across the region, the Begbies Traynor report found
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The º£½ÇÊÓƵ creative industries sector is world class but we cannot rest on our laurels
Wales
The creative sector contributed £94bn in gross value added in 2023 to the º£½ÇÊÓƵ economy
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º£½ÇÊÓƵ consumer confidence wanes in July amid tax rise fears and economic uncertainty
By City AM
Sentiment dropped by one point to -19 in July, according to GfK's Consumer Confidence Index, with Brits' confidence in the economy also taking a hit
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University of Bath boosts economy and supports thousands of jobs, report finds
Education
The Oxford Economics research assessed direct activity by the institution as well as impact through supply chains
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West of England mayor to establish business board in bid to drive regional growth
Economy
All council leaders across the combined authority area will be on the board - and advisory roles are unpaid
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Newcastle Airport's 15-year masterplan includes longer runway and hundreds of new jobs
Transport
The airport wants to almost double its passenger numbers to nine million a year by 2040, which would see it contribute £1.9bn each year to the local economy
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Wiltshire joins Great South West regional partnership
South West
A group of counties from within the West of England are part of a partnership aimed at driving growth and investment in the region
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Reform opposition to renewable energy could cost North East 30,000 jobs, Labour says
Environment
Reform says renewable energy is too costly and has written to companies to warn it would scrap contracts if it came to power
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Economic inactivity in North East hits highest levels in more than 20 years
Employment
Unemployment in the North East fell to below the national average
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º£½ÇÊÓƵ unemployment rises and wage growth cools following Rachel Reeves' tax hikes
By City AM
The estimate of employees on the payroll dropped by around 41,000 in June while the unemployment rate grew to 4.7%
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Developer sought to transform Yorkshire town into 'vibrant riverside market town'
Economy
Wakefield Council is set to appoint a developer to help speed up housing and regeneration schemes in Castleford, with the local authority saying the move will help it to 'evolve into a distinctive riverside market town'
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Inflation rise to 3.6% challenges Bank of England rate cut hopes
Retail & Consumer
Inflation rose to 3.6% in June, official figures show - the third month in a row that consumer prices have been above 3%
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'Leeds reforms' see Chancellor aim to shake up financial sector
Economy
Rachel Reeves meets with bank chief to unveil package of reforms around banking
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Price pressures ease on North East firms but sales are subdued, survey finds
Economy
The quarterly economic survey from the North East Chamber of Commerce returned mixed results
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The Black British Business Awards 2025 finalists named
Black Communities
The awards champion black business leaders and entrepreneurs and their contribution to the º£½ÇÊÓƵ economy
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New investments to add 1,600 jobs to Newcastle and Gateshead economy
Economy
Invest Newcastle has highlighted a number of relocations to the area in the last 12 months
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North East investment company Develop North launches new growth strategy
property news
The company launched by Tier One Capital says devolution and overseas investment have made the region ripe for investment
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º£½ÇÊÓƵ's 'digital economy' is a 'digital illusion' with firms using outdated tech
By City AM
A new report has warned that the º£½ÇÊÓƵ's digital economy is at risk because businesses are still relying on outdated, paper-based verification processes
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