Jonathan Lewis chairs new Welsh economic agency panel
Jonathan Lewis appointed chair of independent advisory panel shaping Wales' new economic development agency, aiming to boost productivity and attract investment.
Category : Economic Growth
Nine in 10 homeowners plan to dine al fresco this summer
New research reveals that 89% of UK homeowners will dine al fresco this summer, spending £1.7bn on garden upgrades and social gatherings.
Devon Mayor Could Unlock £3bn Investment, Leader Says
Electing a Devon mayor could attract up to £3bn in funding over a decade, says council leader Julian Brazil, who hopes Andy Burnham will devolve more power if he becomes PM.
UK Households Suffer Worst Wealth Crash, Average Loss £28,500
British families have suffered the worst wealth crash of any developed nation since 2020, with the average person losing £28,500 in real terms, according to a UBS survey of 37 wealthy countries.
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Good Growth Summit Debates Burnham's Vision
At the Good Growth Summit in Manchester, leaders debated Andy Burnham's 'good growth' vision, focusing on inclusive prosperity, reindustrialisation, and place-based change.
Greater Manchester Growth Fails to Boost Outer Borough Incomes
Greater Manchester's economic boom has not increased household incomes across outer boroughs, with earnings remaining stagnant despite regional growth, according to new Oxford Economics research.
Humber Hydrogen Could Unlock 50,000 Jobs and £17bn
New analysis shows Humber Hydrogen project could generate £17bn economic benefit and support 53,000 jobs if selected for UK's first regional hydrogen network.
Manchester Economy Grows 34% in Decade, Outpacing UK
Manchester's economy expanded by over 34% between 2013 and 2023, outpacing the UK average of 18.4% and rival cities like Bristol, Leeds, and Newcastle, according to a Centre for Cities report.
Defence Stocks Surge on UK £15bn Spending Plan
Rolls-Royce and BAE Systems lead defence stock rally as investors back UK's £15bn Defence Investment Plan, with sector outpacing FTSE indices.
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Business Backs Burnham's Devolution and Growth Plans
Andy Burnham's speech promising 'good growth in every British postcode' and a 'Number 10 North' draws positive reactions from business leaders across the UK.
Burnham pledges living standards boost in major speech
Andy Burnham declared a 10-year mission to boost UK living standards in a major speech, acknowledging people 'can't wait forever' as he eyes the Prime Minister role.
ICAEW: System Must Work with Business, Not Against It
Robert Lloyd-Griffiths, ICAEW Wales director, argues that reducing regulatory burdens and simplifying processes are key to boosting productivity and economic growth across Wales.
Tesco Clubcard Opens to Teens Aged 16-17
Tesco launches Clubcard for 16-17-year-olds, granting access to member prices and points. Teens need parent invitation via app. Over 24 million UK households use Clubcard.
Swansea Uni Awards £30k to Female Entrepreneurs
Swansea University awarded £30,000 to five female-led startups in the WE Innovate National programme, with first prize going to Sahar Sattar's DAWN surgical training venture.
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BCC boss urges new PM to ease business burdens
Shevaun Haviland, director general of the British Chambers of Commerce, will warn the next prime minister and chancellor to reduce business costs to boost the UK economy, as nominations to replace Sir Keir Starmer open in two weeks.
Tram Network Proposed in BCP Growth Plan
A tram network is proposed as part of BCP Council's 10-year growth plan to better connect Bournemouth, Christchurch and Poole by 2036, but funding and space challenges remain.
Apexon Signs Strategic Collaboration Agreement with AWS
Apexon has entered a Strategic Collaboration Agreement with AWS, aiming to accelerate cloud adoption and digital transformation for clients globally.
StubHub Fined £900,000 Over Hidden Fees, Fans to Get Refunds
Ticket reseller StubHub UK fined almost £900,000 for drip pricing. Over 50,000 fans will receive automatic refunds averaging £10 each after hidden fees were charged.
Co-ops and Mutuals Vital for Wales Economy
Bethan Webber, CEO of Cwmpas, highlights how co-operatives and mutuals can transform the Welsh economy through community wealth building, with 519 co-ops generating £500m income and 84% paying Real Living Wage.
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Hong Kong Rises to Second in Global Competitiveness
Hong Kong has climbed to second place in the latest global competitiveness ranking, surpassing Singapore and trailing only Switzerland, according to the IMD World Competitiveness Center.
DWP to Swap Cash Benefits for Therapy and Coaching
The DWP is considering allowing benefit claimants to swap cash payments for mental health therapy, physiotherapy, skills training, and job coaching under a major shake-up.
England superfan sells home for World Cup trip
Andy Milne, 63, from Northwich, put his second home on the market to afford his World Cup journey to Dallas, Texas, and says he has no regrets.
State Pensioners Can Get Extra £7,945 via Annuities
State pensioners can add £7,945 to their income by purchasing annuities, as premiums rise 4% to £7.4bn in 2025, offering higher returns amid the cost of living crisis.
Waitrose Halts Mackerel Sales Over Sustainability Fears
Waitrose becomes first UK supermarket to suspend mackerel sourcing due to overfishing concerns, offering sustainable alternatives like herring and sardines.
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Bristol Airport Loses Appeal Over Cardiff Airport Subsidy
The Competition Appeal Tribunal has rejected Bristol Airport's appeal against Welsh Government plans to provide £205m in subsidy to Cardiff Airport, upholding the original ruling from April.
UK Approves Final £134m for Cardiff Capital Region City Deal
The UK Government has approved the final £134m tranche of its £1.2bn City Deal commitment for the Cardiff Capital Region, following a successful second gateway review.
Bin Strike Resolution Will Take Time, Warns New Leader
New Birmingham council leader Roger Harmer warns ending the 17-month bin strike will not happen quickly despite a pre-election 'deal' pledge between Unite and Labour.
Sainsbury's Switches to White Eggs for Net Zero
Sainsbury's is replacing all own-brand brown eggs with white-shell alternatives to lower carbon emissions, aiming for net zero by 2035 in operations and 2050 across suppliers.
Welsh Minister Slams GWR Over Train Service Opposition
Wales' transport minister Mark Hooper criticises Great Western Railway for objecting to Transport for Wales' plans to extend direct train services from west Wales to Bristol.
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Welsh Government Targets Halving Productivity Gap
The new Plaid Cymru Welsh Government aims to halve Wales' productivity gap with the UK average within a decade, focusing on skills, education, and a new development agency.
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