Economy
Output in north’s private sector was best in UK across third quarter – Ulster Bank
Manufacturing and services sectors were best performers in September, survey finds
Stormont to honour funding pledges for all four City and Growth deals
Stormont backing for the Mid South West and Causeway Coast and Glens deals had been in doubt after a funding pause from Westminster.
Construction firms report fastest growth in two years as recovery gathers pace
Renewable energy projects and growing housebuilder confidence pushed the industry to the fastest rate of growth since early 2022.
Interest rates should not be cut ‘too far or too fast’, warns Bank economist
Huw Pill has signalled that rates should be cut in a ‘gradual’ manner, amid caution over the long-term path of inflation.
Private demand for new diesel cars growing faster than for EVs
The Society of Motor Manufacturers and Traders said registrations of new diesel cars in September for private buyers grew by 17.1%.
Transport Secretary Haigh opens £200m train manufacturing factory in Yorkshire
The plant in Goole will build trains for the revamped Piccadilly line on the London Underground.
Bank of England boss says ‘more aggressive’ rate cuts could be on the way
The pound fell on the comments by Bank Governor Andrew Bailey, down nearly 1% against the dollar and the euro.
September retail footfall hit by flooding across UK, figures suggest
Footfall levels dropped by 3% across all retail destinations, likely exacerbated by flooding, according to MRI Software data.
New £46m Northern Regional College campus opens in Coleraine
Housing 150 staff and 1,300 students each year, the new campus will offer training for restaurants, laboratories, hair and beauty salons, animal management and a fully equipped television studio
Firms must ‘prepare’ for shocks to global financial markets, Bank warns
But the UK banking system remains strong enough to weather tougher economic conditions, the Financial Policy Committee said.