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Government gains speedy support for cyber plan

THE Government’s proposal to set up a central hub for UK firms to report cyber fraud has received heavyweight backing from the Federation Against Software Theft (FAST). The news follows a government-supported study, which reported that cyber crime costs the British economy approximately £27 bn per year. The report from the Office… More →

Graduate Internship Scheme should not be axed, says FSB

THE Federation of Small Businesses (FSB) has urged the Government to extend its highly successful Graduate Internship Scheme, which is due to come to an end next month. Unemployment figures to the end of December 2010 showed that almost one million 16 to 24-year-olds are out of work and that youth… More →

Retail sales bounced back in January

Figures have shown that UK retail sales recovered in January, after heavy snow caused a large fall in December sales. According to the Office for National Statistics the volume of retail sales in January rose 1.9% on the previous month. December’s monthly figure was also revised from an earlier estimate of a… More →

Cyber crime costs the UK economy £27bn per year

The overall cost of cyber crime to the UK economy is £27bn per year, a report revealed yesterday. The Office of Cyber Security & Information Assurance revealed that the real impact of cyber crime could actually be in excess of this. The hardest hit sectors are pharmaceuticals and biotech, electronics, IT and… More →

Businessman takes bite out of the Big Apple’s arts scene

A Whitley Bay born company director has launched a digital firm which allows some of New York’s most exciting talent sell their work in the UK, Europe and beyond. By trade, Mike O’Brien sells technology to some of the world’s biggest investment banks, spending much of his time at Wall Street… More →

North East building society invests in its future

The region’s largest building society has strengthened its customer-facing team by appointing five staff members to branch manager positions across its North East office network. Newcastle Building Society has given Jean Fairweather, Laura Robson, Ian Macleod, Jade Rennison and Lee Metters responsibility for leading their own teams and developing the Newcastle’s… More →

Inflation up by 0.3% in January

The UK Consumer Prices Index (CPI) annual inflation rate rose to 4% in January, up from 3.7% in December, as the effects of the VAT rise were felt. Higher oil prices also meant inflation remained well above the 2% target. Retail Prices Index (RPI) inflation - which includes mortgage interest payments -… More →

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Should UK clocks be brought forward?

Longer evenings could move a step closer with a government plan to move UK clocks forward an extra hour.

A “tourism strategy” will reportedly include a plan to move the clocks in line with most of Europe, bringing lighter evenings but darker mornings.

Tourism chiefs and safety campaigners support the move, but there are fears in Scotland about road accidents.

Ministers want to be satisfied the country backs the plan before giving the go-ahead, the BBC understands.

Last year, Prime Minister David Cameron indicated he was willing to consider a switch. But do you agree with the proposed plans? Have your say in this week’s bdaily poll. 

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