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.
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”.
Majority of staff at Tesco on Murraygate take new roles
Bosses at Tesco say none of the staff at its doomed city centre store have been forced to take redundancy ahead of the shop closing on Saturday.
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.
Jobless stats in Dundee still above UK average
Unemployment in Dundee remains above the national average as the city continues to deal with uncertainty over Brexit and the future of some employers in the area.
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.
Sports Direct stay silent: Questions remain over the fate of Overgate superstore
The future of one of the Overgate’s most prominent stores is still unclear weeks after Sports Direct announced it was to open a new shop in Dundee.
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.
Councillors told to boot out bid for fourth Aldi store in Dundee
A supermarket chain’s bid to open a fourth shop in Dundee could fall at the first hurdle after planners called for its latest plan to be rejected by councillors.
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.
Dundee Dovetail staff ‘weren’t told deal fell through’ amid fears over firm’s future
Staff working at a local furniture firm claim to have not been kept in the picture over its future after it emerged the company may be running into difficulty.
Donald Trump calls on Federal Reserve to cut interest rates
Donald Trump has called on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time”, saying it would make the US economy even better and would “greatly and quickly” enhance the global economy.
Nethergate sandwich shop venture given the go-ahead
A local businessman’s plans for a new sandwich shop in a former city centre bank have been given the go-ahead.
Up to 40 jobs to be created when new B&M store opens in Dundee, company confirms
Up to 40 jobs will be created when discount shop chain B&M opens its third Dundee store, the company has confirmed.