UK jobs market ‘softening’ despite fall in unemployment, say City analysts
The UK jobs market has “softened” as Brexit uncertainty weighed on hiring in September, City analysts have said after the latest set of UK labour market figures.
Economy
UK economy avoids recession after return to growth in third quarter
The UK economy avoided falling into a recession after UK Gross Domestic Product (GDP) returned to growth in the third quarter.
Report reveals Aberdeen’s economy set to grow
Aberdeen's economy is forecast to grow in the years ahead, a new report has revealed.
Poorest families have borne brunt of housing crisis, think-tank says
Rising property costs have increased inequality as the poorest families have borne the brunt of the housing crisis, according to a think-tank.
Council backs £120m Newcastle development despite football fans’ objections
Permission has been granted for a £120 million development of homes, offices and a hotel in Newcastle despite opposition from football fans who said it will spoil a famous view of the St James’ Park stadium.
Sajid Javid: Tories will increase borrowing to invest in infrastructure
Sajid Javid has said the Conservatives will increase borrowing to pay for new infrastructure as he heralded new fiscal rules for a “new economic era”.
UK consumer credit growth slumps to five-year low amid economic uncertainty
UK consumer credit growth has slumped to its lowest level in five years, according to new data.
Scotland can more than afford independence, Finance Secretary will tell SNP
Scotland’s Finance Secretary will insist the county can “more than afford” to be independent.
John McDonnell vows Labour manifesto will be written ‘from grassroots up’
Labour’s general election manifesto will be written “from the grassroots up”, John McDonnell said as he kicked off a UK-wide pre-poll campaign tour in Essex.
UK recession fears remain as ONS confirms second quarter decline
The Office for National Statistics (ONS) has confirmed that the UK economy slid into decline in the second quarter of 2019, in the latest update of its figures.
Long-term report: Suzuki’s Swift Attitude adds some character to the fleet
The supermini market continues to be one of the most popular in the UK – with the Ford Fiesta continuing to dominate the sales charts and the Vauxhall Corsa not too far behind.
No-deal Brexit could spark recession, report warns
A no-deal Brexit could lead to the UK’s first recession for a decade, according to new analysis.
‘Failing to look’ most common cause of crashes which costs Aberdeen’s economy £125.5m
The report also reveals that “failing to look properly” is the most common cause of crashes, followed by poor turn or manoeuvre and failure to judge another person’s path accurately.
Scots spent £1bn on takeaways last year, research shows
Scottish spending on takeaways increased by 9% last year to cross the £1 billion mark, according to new figures.
Donald Trump calls on Federal Reserve to cut interest rates
Donald Trump has called on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time”, saying it would make the US economy even better and would “greatly and quickly” enhance the global economy.
Gordon Brown predicts ‘very different’ response to future economic crash
Gordon Brown has suggested that the Government’s response to another potential economic downturn would be “very different” from his actions during the 2008 financial crash.
Housebuilder brings £57m boost to north-east economy
A housebuilder has delivered a £57 million boost to the north-east economy, according to a new report.
Finance Secretary launches economic action plan
The Scottish Government has launched an economic action plan, including an £18 million fund for advanced manufacturing and the piloting of two new “productivity clubs” for businesses.
Drones could bring £42bn boost to UK economy
A rise in drone usage in the oil and gas industry and in Scotland’s farming industry could help to deliver a £42 billion boost to the UK economy by 2013, a new report has forecast.
Aberdeen battles back to become top five city
Europe’s beleaguered capital of oil and gas has powered its way into the top five in a league table of the UK’s fastest-growing city economies.
Aberdeenshire Council set to be £3m over budget when tax year finishes
A local authority is set to be £3 million over budget by April – and says a lack of council tax payments is partly to blame.
Jobless waiting up to six weeks for Universal Credit cash – MP
A North-east MP has said serious concerns remain about the roll-out of Universal Credit.
New report shows investment in North-east on rise with £8.9bn being ploughed into projects
Almost £9 billion of public and private investment is due to be delivered to benefit the North-east before 2030, it was revealed today.
Minister disputes fears HS2 will deliver blow to North-east economy
Fears that the North-east economy will suffer a huge blow due to a major rail development have been disputed by a UK Government minister.
Corbyn: Aberdeen needs higher taxes in order to heal struggling economy
Higher taxes will revitalise the Aberdeen economy, Labour leader Jeremy Corbyn has told the Evening Express.
Couple scoop success with new Aberdeen ice cream parlour
A former oil worker made redundant in the downturn is bouncing back with a booming ice cream parlour.
Boss ‘devastated’ as pub and hotel placed into administration
A city businessman says he is "devastated" after his company was placed into administration.
‘Deterioration or renaissance’ – North-east economic plan up for approval
TWO scenarios for the future of the North-east's economy have been spelled out by a leading businessman.
Economy hit by downturn in oil industry
BUSINESS activity in the private sector dropped due to the downturn in the oil and gas industry, according to a new report. The Scottish economy contracted in November according to the Bank of Scotland’s monthly purchasing managers index (PMI). It comes after there was modest growth in October. For more on this story visit Energy Voice.
Launched: new £50million scheme to boost North-east business
A NEW private sector body was launched today - with the prospect of at least £50 million to help businesses flourish in the North-east.