THE strongest sign yet that the UK economy could begin its recovery before the end of the year was emerged when the key services sector showed growth for the first time in a year.
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THE boss of Corus is to get back in touch with the Italian steel magnate whose consortium’s decision to walk out of an agreement to buy steel from Teesside Cast Products (TCM) put 2,000 jobs under threat.
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SMALL and medium sized businesses in the North-east already struggling to cope with the effects of the economic downturn are owed more than £1.1bn on any given day.
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THE recession will cause the biggest shake up of the country’s business landscape since the industrial revolution, finally bridging the North-South divide.
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ALMOST half of firms were not planning to recruit school-leavers or graduates in the coming months as the recession continues to have a grim effect on job prospects, according to a new report today.
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A FRESH wave of job losses hit banking, defence and other sectors – with warnings of further cuts bringing more misery to workers and sparking anger from unions.
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BRITAIN'S largest residential landlord yesterday warned that the UK’s housing sector may not be over the worst of the current crisis, despite positive signs in the sector.
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ALISTAIR Darling last night staked his reputation and the country’s finances on hopes the economy will be out of the recession by the end of the year.
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ECONOMIC experts have warned the North East that the gains made in the last 10 years will be wiped out by the recession unless regional leaders act now.
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