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Labour Party
16:01, 9 MAY 2024
Andy Burnham gives strongest hint yet on new tram lines
North West
Labour politician was re-elected as mayor with nearly two-thirds of the vote
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Bank of England hints at rate cut as inflation set to fall below target
Conservative Party
The Bank of England has kept interest rates on hold at 5.25% but hinted that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
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Labour's Richard Parker wins West Midlands Mayoral election
West Midlands
Mr Parker takes over the role from Conservative Andy Street who has been the mayor since the post was inaugurated in 2017
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Steelworkers to strike over Tata plans to close Port Talbot blast furnaces
Employment
Tata will close the blast furnaces in September in a move that will see 2,800 job losses across its UK operations
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More than 120 jobs at risk as major North East employer launches restructure
Employment
A total of 126 jobs are potentially set to go at the three North-east Fujifilm Diosynth Biotechnologies UK sites
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UK inflation cools to 3.2% after further slowdown in food prices
Jeremy Hunt
It marks the lowest level since September 2021
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The new plan to maximise the economic potential of Monmouthshire
Cardiff Capital Region
Paul Griffiths, deputy leader of Monmouthshire County Council, said the new local development plan will provide the land and infrastructure to help businesses invest and thrive.
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North East mayoral candidates make their pitch at business hustings event
Politics
Five candidates took questions from members of the North East Chamber of Commerce, CBI and Federation of Small Businesses
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Who will land the Economy Minister role in Vaughan Gething's new cabinet
Welsh Government
The smart money is on Hefin David, but don't be surprised by a late twist
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‘Shocking’ lack of support for hospitality while small firms need more support- North West reacts to Budget of missed opportunities
Federation of Small Businesses
Some measures welcomed but many experts feel Chancellor didn't go far enough
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Chancellor Jeremy Hunt promises ‘permanent cuts in taxation’ in pre-election Budget
Conservative Party
Speech expected to include a 2p cut in national insurance
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First Minister contender Jeremy Miles on business support closer EU ties and a delivery unit
European Union
He also calls for a reform of the Barnett Formula and an independent body to adjudicate on funding disputes
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How the First Minister contenders match up on business support and the economy
Welsh Government
Professor Dylan Jones-Evans assesses the economic pledges of Vaughan Gething and Jeremy Miles who are vying to become the next First Minister
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Tata Steel UK starts consultation on restructure that will see nearly 2,500 going
Labour Party
The bulk of the jobs are at risk at Port Talbot after Tata's decision to end primary steelmaking and invest in an electric arc furnace
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Senedd rejects call for Welsh Government to U-turn on business rate relief cut
Welsh Government
The Tory mention was rejected by members of the Senedd
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Humber training provider secures £300k funding to boost facilities
Skills and Apprenticeships
Catch is undergoing a two-phase expansion which includes industry backing to upgrade its Stallingborough facilities
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New plans to electrify train lines from Bristol Temple Meads to Parkway, Filton, Bath and Chippenham
Transport
Previous plans to upgrade railway tracks in the region were scrapped in 2016
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Teesworks report finds no illegality or corruption but criticises scheme for value for money
Politics
Labour and Conservative politicians continue to clash over the UK's largest regeneration site
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Tata to close its blast furnaces at Port Talbot with 3,000 job losses
Wales
The Indian steelmaker will confirm later today it is ending primary steelmaking and moving an electric arc furnace operation
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Wales would be viable as an independent country says commission
Welsh Government
However the Independent Commission on the Constitutional Future of Wales said it would face an initial fiscal deficit
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Asda co-owners face MP grilling on fuel prices and company structure
Retail & High Street
The Leeds-based firm has faced criticism on "bumped up" petrol prices
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Asda owners insist chain had no ‘strategy’ to profit from higher fuel prices
Asda
TDR Capital co-owns Asda with brothers Mohsin and Zuber Issa
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What’s in store for the North West economy in 2024
North West
From climate policy to the deals market - we ask business leaders what they hope to see this year
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West Midlands business review of 2023 - part two: Labour's mayoral candidate, huge resi scheme and cricket's bumper boost
West Midlands
Our West Midlands Review of the Year moves into the spring months with the news that a former PwC partner is bidding to be mayor, spades hit the ground on a huge resi scheme in Birmingham and Edgbaston is handed a major cricket schedule
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