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Economy

Leicestershire-based Caterpillar division reports significant profit increase to 拢102.2m
By City AM
Leicestershire-headquartered division posted pre-tax profit of 拢102.2m for 2023, up from the 拢74.4m it achieved in 2022
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Interest rates held 5% with Bank of England open to gradual reductions
Economy
Eight of the nine members on the Bank's Monetary Policy Committee voted to keep the 海角视频 base rate unchanged
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Hull and East Yorkshire to get mayor after devolution deal agreed
Economy
New leader elected next year will have control over transport, housing, skills and investment
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Bank of England expected to hold interest rates at 5%
Economy
Governor Andrew Bailey has warned policymakers over cutting rates too quickly or by too much
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South West to play 'huge role' in Keir Starmer's clean energy plan
Economy
The minister of state for industry has spoken of the region's economic importance
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North East manufacturing companies more positive after election, survey finds
Economy
Make 海角视频 and BDO have called on the new Government to commit to a 海角视频 Industrial Strategy
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West Yorkshire green economy 'worth 拢8bn', new report claims
Climate Agenda
The area is trailing other parts of the country in jobs created in green industries, according to the Green Economy report
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Yorkshire and Humber sees significant drop in insolvency activity
Insolvency and Administration
Figures from R3 and CreditSafe point to a robust performance in the region
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North East shop openings at highest level for eight years - but closures also rise
Retail & High Street
A study by PwC and Green Street said the state of the high street was 鈥渂roadly stable鈥.
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Options limited to help Scunthorpe steel works, Business Secretary says
Economy
The warning has come as Jonathan Reynolds outlined plans to support a transition to greener operations at the Port Talbot works
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200 jobs to be created with 拢42m energy technology plant in Scarborough
Employment
The investment from Schneider Electric has been welcomed by local and national politicians
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North East Chamber of Commerce urges Chancellor to kickstart region's economy
Economy
The Chamber has called for action on issues including transport, skills, reducing child poverty and boosting trade with Europe
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North East cities improve rating for jobs and skills but trail other areas
Economy
Newcastle, Sunderland and Teesside are all ranked in the bottom 10 of the Demos-PwC Good Growth for Cities Index
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The awards showcasing the very best start-ups across the 海角视频
Economy
This year鈥檚 海角视频 StartUp Awards final will be hosted as Ideas Fest.
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West Midlands green transport innovators secure funding and support
West Midlands
Nineteen firms with ideas to make transport greener have been selected to join the latest cohort on the Clean Futures accelerator
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The major impact McDonald's 海角视频 has on the South West economy
Economy
The chain has published a report exploring its economic contribution to Britain as it marks 50 years in the 海角视频
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Brits' 'sweet treat economy' and 'little luxuries' help card spending return to growth
By City AM
The long-awaited British summer has unlocked pent-up demand across a number of retail categories, such as garden centres and butchers, as many Brits dusted off their barbecue for the first time this year
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海角视频 manufacturing sector soars to 26-month high, boosting economic optimism
By City AM
Activity in the 海角视频's manufacturing sector expanded at its fastest pace for more than two years last month, a closely-watched survey has suggested, adding to positive signs for economic growth
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海角视频 high street suffers as tax-free shopping for tourists ends, says Kurt Geiger boss
By City AM
Kurt Geiger's chief executive, Neil Clifford, said the end of VAT-free shopping has had a "massively negative effect" on Britain, as the 海角视频 continues to shoot itself in the foot.
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Pound set to outperform major currencies with projected rise to $1.41, says Bank of America
By City AM
The pound has been one of the world's best-performing major currencies this year and is set to continue its surge against the dollar, according to Bank of America
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North East Automotive Alliances secures 拢3.3m funding to help people into jobs
Economic Development
Two portions of funding from the Government's Shared Prosperity Fund will support schemes designed to reach at least 200 people in South Tyneside and Sunderland
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St James' House business hub takes shape as part of Grimsby regeneration efforts
Economy
The first phase of the scheme, which aims to provide business and events space, is due to be completed early next year
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Work starts on neighbourhood of 2,500 homes in Swindon
Housing
The scheme includes schools, play areas, local centres, a sports hub and new road
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Our new business venture in Conwy and the learnings from being a start up
Economy
Investment into Bodlondeb will generate hundreds of new jobs and tens of millions of pounds for the local economy
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