Business News Round Up (20/08/19)
The City of London extracts wealth from the rest of the UK’s regions, inquiry submission finds
A report analysing regional imbalances has found that the City of London’s “financial superstructure extracts wealth from Britain’s regions”. The analysis challenges the conventional view of London and the South East as disproportionate wealth creators which the rest of the UK’s regions benefit from through tax redistribution.
Political uncertainty sees fall in NW acquisitions by overseas firms
Firms in the North West have seen a fall in acquisitions by overseas firms, with only 21 investments made by overseas buyers in North West assets bringing the total number of cross-border deals involving North West firms to 43 – down from 66, compared to the previous twelve months, according to Deloitte.
Rescued Ferguson shipyard could create more jobs to complete controversial ferry project
The Scottish government has set a deadline for a new delivery schedule for two ferries being built at the newly nationalised Ferguson Marine and says it could create more jobs.
National Retraining Scheme gathers pace as new digital service Get Help and Retrain is rolled out to the West Midlands and North East
The government has rolled out a new scheme designed to future proof the workforce and help boost the economy. The National Retraining Scheme is to be launched in the West Midlands and North East to support adults whose jobs may change dues to new technologies.
https://www.fenews.co.uk/press-releases/33776-innovative-adult-retraining-scheme-rolled-out-further