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Building engines in Nissan's Unit Shop. Click photo to enlarge. Nissan’s Sunderland Plant, in partnership with Regional Development Agency One North East, has won a contract to assemble a new petrol engine from next year, securing future engine production on Wearside. Assembly of the 2.0 litre engine, codenamed ‘MR’, will immediately safeguard up to 130
[...click on headline to read full story] Over 281,000 lost their jobs over the three months to May – taking unemployment up to 2.38 million, the highest level since 1995. The quarterly increase in unemployment was a record rise and unemployment has grown by more than three quarters of a million over the last year. The unemployment rate stands at 7.6 per cent of the economically active population up from 6.9 per cent over the previous quarter – and higher than expectations of a
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Prof. Andrew Wathey, Vice-Chancellor of Northumbria University. The Vice-Chancellor of Northumbria University has been appointed to the board of the International Centre for Life – Newcastle’s pioneering science village. Prof Andrew Wathey is one of five new trustees who have been selected to help the Centre focus more fully on communicating science and scientific developments
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Christine Shields of Simply Scrumptious. Some of County Durham’s best new business talent has been showcased to celebrate local success and inspire others. The event was staged by Be Enterprising, County Durham’s Local Enterprise Growth Initiative (LEGI), is one of the country’s most innovative business support providers and was created to change lives and transform
[...click on headline to read full story] Three new conference venues have joined NewcastleGateshead Convention Bureau – the specialist business tourism team which attracts conferences to the ‘twin cities’. Between them, the Bureau’s new members, Dissington Hall, Rainton Meadows Arena and MPH Training & Conference Centre offer conference organisers something entirely different. The new venues join a membership which comprises 90 other leading venues, hotels and service providers in NewcastleGateshead and the surrounding area. Jessica Roberts, head of business tourism at NewcastleGateshead Convention Bureau, said: “We’re
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The government announcement is a response to the economic downturn that has led to a decrease in the number of property companies building new houses, factories and
[...click on headline to read full story] North East Skills, the region’s largest careers and training event for young people is returning to Newcastle in September 2009. Employers, educational organisations and training providers will offer thousands of young visitors the chance to find out more about career opportunities, and the world of work. The event, which attracted 5,000 visitors last year, takes place at the Metro Radio Arena in Newcastle on September 29 and 30. Those taking part include the Army, Careers at Sea, Connexions, Gateshead
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These worries are made all the more real given that seven in 10 (70 per cent) people aged over 50 have made no provisions whatsoever. It’s not just the money that
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Tax rises and public spending cuts in store
We all knew there was a bitter harvest coming to deal with the country’s debt burden.
Well here’s the prognosis from CEBR (centre for economics and business research) and it makes uncomfortable reading.
The next government will need to take fiscal action of around £100 billion in tax rises and spending cuts to correct the fiscal deficit. If – as the bookmakers expect – the new government is Conservative, the forecasts suggest tax rises of £20 billion and spending
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