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Economy

Unemployment figures add to coronavirus fears over North East economy
CBI
North East unemployment has risen and stands as the highest in the Ƶ
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Jet2 suspends flights but promises to get passengers home
Jet2.com
Company offers to lay on extra flights to bring home customers and those who might have been let down by other operators
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Shoe Zone deferring latest dividend payment because of economic impact of coronavirus
Coronavirus
Business said its 500 high street and Big Box retail park stores have seen drop in shoppers since Covid-19 reached the Ƶ
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Boss of online clothes business desperate to hear how potential Ƶ Government lockdown will affect them
Coronavirus
“My spirits are high though because at least we are still able to function, and hopefully ride out the storm”
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Manchester, Stansted and East Midlands Airports announce "enforced annual leave, reduced working hours, and temporary pay cuts and lay-offs"
Coronavirus
It comes as airlines bring in drastic measures in response to massive drop in demand due to coronavirus
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Work starts on multimillion-pound Gateshead manufacturing site
Engineering
Express Engineering will create 30 jobs on the back of the £3.5m expansion investment
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Alnwick Garden defies market gloom to raise £10m through charity bonds
Economy
Northumberland visitor attraction will use the money to fund its Lilidorei play village
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More than 1,000 firms offered capital repayment holiday by the Development Bank of Wales
Coronavirus
The decision has been confirmed by Economy Minister Ken Skates and applies to more than 1,000 SMEs
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Fate of former Brucciani's coffee shop buildings in Leicester still to be decided
Retail & High Street
Business had two city centre cafés as well as a bakery just outside Leicester’s inner ring road
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Coronavirus: SW factories see exports fall and supply chain freeze
South West
New report says manufacturers have suffered from impact of pandemic, but Bextis is causing problems too
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North East manufacturers urge action after slowdown in export orders
Economy
Make Ƶ/BDO survey suggests problems in the manufacturing sector even before the impact of coronavirus
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The six-point plan to boost productivity in Wales
Economic Development
It comes in new research from Cardiff Metropolitan University supported by the Hodge Foundation
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Wales needs to maximise the benefits from Rushi Sunak's business friendly Budget
The Budget
The British Business Bank and the Development Bank of Wales should provide £80m of new funding for Welsh SMEs
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Midlands country house hotel explains why it is closing its golf course
Hotels
Stapleford Park said it is with “great regret” that economic factors mean they were closing the estate’s golf course
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FTSE 100 plunges amid coronavirus outbreak fears
Economy
Index saw its biggest one-day fall since 1987 as more than £160 bn was wiped off the value of blue chip stocks
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Coronavirus latest: How interest rate cut and fiscal stimulus from 2020 Budget could help save the economy
Economy
"Markets are over-reacting because of fear of what might happen... when they are in that zone, all they see is the bad news"
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New cybercrime police unit launched in the North East
Crime
Universities, police and private sector are involved in the loss of the North East Business Resilience Centre
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Interest rates cut to 0.25% as Bank of England moves to help economy through coronavirus shock
Economic Development
Business support measures approved as Bank warns virus's economic impact 'could prove sharp and large, but should be temporary'
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Budget 2020: East Midlands urges Government to make good on its election promises
The Budget
Rail links, start-ups, roads, and fixing “broken” business rate system key to boosting the East Midlands economy
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Advanced manufacturing and engineering is sector best prepared for EU exit
West Midlands
The findings came from the biggest survey carried out in the region yet
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Maltings business Simpsons sees turnover and profit rise despite harvest issues
Economy
The Berwick firm reported an increase in turnover to £168m
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Business activity its best for nine months in Yorkshire and Humber
Economy
Data taken before coronavirus concerns gripped the nation
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North East economy moves out of contraction, new survey suggests
Economy
PMI survey data from NatWest and IHS Markit shows first growth in 10 months, though worries remain
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East of England manufacturing and service sector grew modestly last month according to new NatWest and IHS Markit survey
Economy
Increases in output and order books last month linked to improved demand conditions - but now fears rising over coronavirus
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