Inflation falls to lowest since 2016 after gas prices slide on new energy cap
Inflation has slipped to its lowest in almost three years after gas and electricity prices fell on the back of the new energy price cap.
economy
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.
Airbnb guests set to spend £223m locally
Airbnb accommodation guests are on course to spend an estimated £223 million at restaurants and cafes around Scotland this year, the online marketplace has said.
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.
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.
Council to review campaign to boost tourism businesses in Moray Speyside
Councillors will today decide whether to progress plans to future-proof Moray's tourist offering.
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.
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.
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.
Conferences ‘key’ to north-east tourism offering
Tourism and conference-hosting is arguably one of the key industries most crucial to sustainable economic growth in Scotland and the north-east. It is a notoriously volatile trade, demanding constant innovation. If this key sector is to be successfully grown it will require long-term strategic thinking.
Tide needs to turn if our economy is to develop
Aberdeen Harbour Board is famously Britain’s oldest company.
Union warns of ‘new era of economic decline’ in wake of Brexit
Brexit could spark a “new era of economic and industrial decline” in Scotland that the country would take a generation to recover from, a union has warned.
Trio of hotels could be all yours in £6.85m sale
A West Highland businessman has put a trio of north hotels up for sale, seeking offers in the region of £6.85 million for all three.
Rural enterprise would offer £4.5bn boost
A new rural enterprise university could be the catalyst for a £4.5 billion boost to the Scottish economy, according to a new report.
Unemployment figures tumble locally and in UK
North-east unemployment continues to fall as the region’s economy picks up and the job market in the Highlands is “buoyant”, Jobcentre staff in Aberdeen and Inverness said yesterday.
Huge swathes of the north and north-east are lagging behind in the UK’s broadband slow lane
Orkney, Shetland, Moray and Aberdeenshire have some of the worst broadband connections in the UK, according to new research.
Analysing the potential impact of Brexit on the north of Scotland’s economy
As the hapless former US Secretary of State Donald Rumsfeld once said about predicting the future, there are known knowns, known unknowns and unknown unknowns.
SPONSORED: Businesses invited to explore their funding options
With a focus on accelerating growth and diversification across the region, companies of all sizes are being encouraged to explore their options to diversify, innovate, invest in their businesses and expand.
SPONSORED: Funding need not be daunting
As Scotland’s energy sector transitions to a lower-carbon future, diversification has become a buzzword for businesses looking to take advantage of new opportunities.
Demand means more time for a say over Brexit
A three-month consultation into the impact of Brexit on rural Scotland has been extended to the end of November due to “overwhelming demand” from rural communities.
‘Aberdeen must find its own wow factor’
The transformation of Union Terrace Gardens, a giant statue of a bull for the side of the AWPR and a New York-style “Highline” have all been mooted as ways to reinvent the region.
North-east house prices showing green shoots of recovery
The north-east’s house prices have continued to fall, but property experts say there are signs of stabilisation in the market.
Holyrood to launch new action plan for the economy
The Scottish Government has launched a new economic action plan, which includes an £18 million fund for advanced manufacturing and the piloting of two new “productivity clubs” for businesses.
Highlands and north-east among ‘best places to live’ in Scotland
Aberdeen has come out tops in a list of the happiest and “most vibrant” places to live in Scotland.
Loch Ness Monster worth nearly £41m a year to Scottish economy
The Loch Ness Monster is worth nearly £41 million a year to the Scottish economy, new research reveals.
Woodland sales providing boom to north timber industry
Huge swathes of the Highlands are being put up for sale in what is said to be evidence of a massive boom in multi-million-pound timber industry.
More misery to hit Highland residents as report spells out need for council to spend less
As if things aren’t austere enough, much more misery lies in store for Highland residents according to Highland Council’s revenue budget forecasts for the next three years.