economy: Last News

Royal Mail has warned of potential delays after plans have been approved to build next to a sorting office. Planning permission has been granted to build new industrial units on a site next to Blackpool’s Royal Mail sorting office despite warnings the development could disrupt mail services.

SNP ministers have refused to ditch controversial gender reform legislation despite accepting it has no chance of becoming law while the Conservatives remain in power at Westminster.

A defiant plane passenger has been praised for refusing to swap seats with a couple who were trying to blag a free upgrade on their flight. The chancers asked if the traveller would switch to allow them to sit next to each other.

Construction of the University of Bolton’s Institute of Medical Sciences has injected more than £12m into the local economy. The medical training college, which is due to open in 2024, has far surpassed its local spend targets, with current figures for expenditure within a 20-mile radius totalling £12.3m, more than doubling its initial target of £6m.

SNP ministers have been called on to protect jobs and public services as the Scottish Government prepares to reveal its annual budget.

Prime Minister Rishi Sunak has confirmed when the General Election will be held.

Chanel's huge fashion show which was held in Manchester earlier this month is believed to have brought around £8m to the city, according to the council. The exclusive Métiers d'Art event which took place in the Northern Quarter on December 7 saw celebrities stay in the city's top hotels to attend the luxury fashion brand's outdoor catwalk before heading to Victoria Baths for an after party.

A new qualification offering young people an alternative route to university without debt will be launched in Greater Manchester in September next year, the Mayor has confirmed.

Over the last year or so, the sight of squads of police officers - prising open the security shutters as they launch yet another raid - has become a familiar one on Manchester's notorious 'Counterfeit Street'. Since last November, when GMP Chief Constable Stephen Watson vowed to clean up the area around Bury New Road in Strangeways 'once and for all', more than 200 counterfeit shops have been closed down.

Six Irvine and Kilwinning shops have been slapped with warnings after being caught selling alcohol to underage kids.

Civil servants in East Kilbride are said to be at "rock bottom" over bombshell UK Government plans to move the town's Foreign, Commonwealth & Development Office to Glasgow - a move that will affect 1000 workers.

A new tourism plan, which has promised a “bold new approach” in Renfrewshire has been approved by elected members.

Michael Nordine author Greed may not be good, but it is universal. And while America would appear to have a monopoly on movies about the pursuit of wealth for wealth’s sake, plenty of other nations have exported their version of the rags-to-riches tale — of which Saudi Arabia’s Oscar submission, “Alhamour H.A.,” is just the latest.

Gene Maddaus Senior Media Writer President Biden is set to make a whirlwind fundraising tour of Los Angeles this weekend, hitting six or seven events in the course of a day and a half. Biden and First Lady Jill Biden will attend a sold-out fundraiser on Friday night, with co-hosts including Steven Spielberg and Kate Capshaw, Shonda Rhimes, Rob Reiner, Peter Chernin and Jim Gianopulos. Lenny Kravitz is slated to perform.

Humza Yousaf has been dealt a fresh blow by the Court of Session after a judge ruled the UK Government did have the power to block controversial gender reforms.

There were a bunch of Hollywood A-List stars in Saudi Arabia today for the closing night gala of the 2023 Red Sea International Film Festival!

Jennifer Maas TV Business Writer It’s hard to measure the full impact of the Hollywood strikes — mainly because the TV and film industry will be facing the ripple effects for years to come — but a new study has revealed one significant immediate hit: 17% of Los Angeles-based showbiz workers lost their jobs during the work stoppages. According to the Otis College of Art and Design’s study, the first released under the college’s ongoing Otis College Report on the Creative Economy, following the WGA (which ran May 2-Sept.

The UK Government’s Rwanda plans are a “real dark day” for the country, Humza Yousaf has said.

Tidal has laid off 40 members of staff across multiple departments, amounting to 10 per cent of its total staff.The music streaming service is owned by Twitter founder Jack Dorsey’s company Block, which has been making layoffs across its many branches, which also include Square and Cash App.As reported by Bloomberg, the layoffs include Jeff Benjamin, a former member of Tidal’s editorial team, along with other members of the editorial staff.In a statement from the company, they said: “As part of Block and its recent announcement to cap the number of employees at the company to focus on business growth, TIDAL has carefully considered how to right-size our team to ensure we are able to continue to build and invest in critical areas of the business.”“We do not take these decisions lightly, and we are sincerely grateful for the contributions of our impacted teammates.”Earlier this week, Spotify also announced that they were cutting down 17 per cent of its workforce in order to save costs. The streaming platform had previously laid off 6 per cent of its staff earlier in the year.Spotify chief executing Daniel Ek said that the recent decision was made as economic growth had “slowed dramatically”.

Openreach has announced that another 167,000 homes and businesses across Scotland are set to get access to full fibre broadband. The company is announcing a further £50 million investment across 25 new locations, including Bannockburn in Stirling, Lochgelly in Fife and Clydebank in West Dunbartonshire.

A three-year warning has been issued to millions of homeowners as mortgage costs are expected to rise once again. Almost five million UK households are set to see their mortgage repayments jump by hundreds of pounds over the next three years, the Bank of England has said.