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Economics at shropshirestar.com

Today News

18

Inflation set to fall close to Bank of England’s 2% target, experts predict

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The latest Consumer Prices Index inflation data for April will be released on Wednesday.

Latest plans for dozens of new homes in Albrighton approved

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Up to 90 new homes will be built in Albrighton after outline plans for the latest phase of a housing development got the go-ahead.

17

Advanced software to extend battery life for JLR electric cars

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JLR has signed a multi-year deal to use advanced battery intelligence software in its next-generation electric vehicles.

Safety institutes to form ‘international network’ to boost AI research and tests

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Ten nations and the EU have agreed to established a network of AI Safety Institutes, but China is not among them.

16

Toll bridge set to move into the 21st century

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One of the country’s most historic toll bridges constructed in 1881 is set to move into the 21st century.

Car seller Cazoo falls into administration after axing over 700 jobs

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The firm, which was founded in 2018 by serial entrepreneur Alex Chesterman, has cut hundreds of jobs in recent months.

Tesla shareholders ask investors to vote against Musk’s compensation package

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Tesla is struggling with falling global sales, slowing electric vehicle demand, an ageing model line-up and a stock price that has fallen 30% in 2024.

British passenger dies after Heathrow flight hits severe turbulence

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A spokesman for Bangkok’s Suvarnabhumi Airport, where the flight was diverted to, said the 73-year-old suffered a suspected heart attack.

14

£460,000 investment to boost innovation levels for Telford businesses

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A new programme has been launched to help boost business and growth.

13

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts

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However, the global financial agency stressed that ambitious structural reforms to improve living standards ‘are urgently needed’.

11

Farmers could convert buildings into houses and shops without planning permission under new rules

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Planning laws coming into effect today aim to make it easier for farmers to convert unused buildings into new homes and shops.

10

Grocery price inflation slows to lowest level since October 2021

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Supermarket prices are 2.4% higher than a year ago, slowing for the 15th month in a row from April’s 3.2%, according to analysts Kantar.

08

Telford teacher climbs onto school sports hall roof to celebrate solar panel project

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An educational trust has launched work to install solar panels on four of its key buildings in a bid to reduce its reliance on fossil fuels.

'We are looking for more across Shropshire' says expanding firm after adding two sites

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A fast-growing storage giant has taken over sites in Shropshire and Herefordshire as part of its expansion plans.

Travelling for half term? Find out where you will hit delays and congestion

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Travelling for half term? The chances are you will come up against traffic jams or rail problems.

04

Judge in Trump trial threatened to throw witness out of court for behaviour

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Judge Juan M Merchan told Robert Costello, a former federal prosecutor, that his conduct was ‘contemptuous right now’.

02

Tech firms falling short on misinformation ahead of general election – committee

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The Joint Committee on the National Security Strategy has raised concerns about a lack of an industrywide approach to tackling misinformation.

UK workers with AI skills get 14% wage premium, research suggests

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The report found UK postings for jobs which require AI skills have grown 3.6 times faster than for all other jobs.

UK running out of options for offshore energy ‘just transition’ – report

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Experts at Robert Gordon University analysed more than 6,560 pathways for the UK’s offshore energy industry.

Monday, May 20

18

Cohen says he stole from Trump’s company as key hush money trial witness quizzed

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Defence lawyers said they have not decided whether Trump will testify.

17

Self-driving cars on roads ‘as soon as 2026’ as Bill becomes law

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Transport Secretary Mark Harper said the deployment of the vehicles will be ‘a real boost to both safety and our economy’.

14

West Midlands fifth for switch to electric cars

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The West Midlands saw 580,289 plug-in electric cars registered between 2009 to 2023.

Summer interest rate cut ‘possible’, says Bank of England deputy governor

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The UK interest rate currently sits at a 16-year-high of 5.25%.

13

Cohen faces fresh grilling as Trump’s hush money trial enters final stretch

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Donald Trump’s hush money trial is heading into the final stretch, with prosecutors’ star witness set to return to court for another grilling.

12

Fact check: New Yorker article about Lucy Letby is not available in the UK for legal reasons

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The magazine said it was following ‘a court order’ when it limited access to an article about the convicted murderer in the UK.

11

Uber offers £5,000 electric car grants for London drivers

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The ride-hailing company announced the measure to help it meet its pledge that all Uber vehicles in London will be fully electric by the end of 2025.

10

Likewise Group celebrates first £1 million order intake in one day as annual sales soar

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Floor coverings wholesaler Likewise Group is celebrating taking orders worth £1 million on one day for the first time.

Ryanair profits jump by more than a third

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The group reported a 34% rise in profits after tax to 1.92 billion euros (£1.64 billion) for the year to the end of March.

09

Supermarket grower expands partnership at estate on Shropshire border

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A supplier of root produce has expanded its partnership with landed estates business Bradford Estates to let farmland in order to grow parsnips for the UK’s leading supermarket chains.

08

How you can save as you make a plan for the holidays – Money Saving Amy

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Hello everyone and welcome to this week's round-up of offers: there’s ‘free’ airport parking, plus how to make money from your receipts, and plenty more.