News story: Scrap metal merger could leave businesses worse off

The Competition and Markets Authority (CMA) has been investigating European Metal Recycling Limited (EMR)’s purchase of Metal & Waste Recycling Limited (MWR). These are two of the largest metal recyclers in the UK.

As part of its initial investigation, the CMA found that EMR and MWR were the two main companies offering to purchase waste scrap metal and shred scrap metal in the area around and to the north of London. Following the deal, the merged company will face limited competition from other metal recyclers in this area.

The CMA is therefore concerned that this merger could lead to a reduction in choice, price, quality and service to customers.

It will now refer the merger for an in-depth investigation unless EMR offers acceptable undertakings to address competition concerns.

All information relating to the merger is available on the case page.




News story: Post-Brexit economy will help Merseyside trade with the world

Highlighting the latest figures that show goods exports from the North West of England were worth £27.8 billion in 2016, up by nearly £1 billion on the previous year, the Chief Secretary to the Treasury reaffirmed today (24 January) the government is committed to a post-Brexit economy that gives Liverpool even more opportunity to trade.

A buoyant export market has been vital in helping to grow to the local Liverpool economy which is now worth more than £30 billion – up nearly 12% since 2010.

This strong export economy is fuelled by the continued importance of Liverpool Port with latest figures showing nearly 32,000 tonnes of traffic pass through the port.

Latest figures show that export goods from the North West of England to North America were worth £5.1 billion. The largest export destination from the North West of England is Europe, with goods worth more than £14.6 billion being shipped to the rest of the continent.

The Chief Secretary to the Treasury, Liz Truss said:

From machinery to medicine, Liverpool has a vibrant export industry with world-class products being sent to Europe, USA and afar. I’ve seen that first hand today visiting a world-class local business exporting cutting edge technology.

With trade forming such an important part of the Merseyside economy, the government is hugely committed to ensuring its businesses are even more competitive than ever before after Brexit as the UK prepares for independent trade deals.

The impact of this is more jobs and a stronger economy for people in Merseyside.

Northern Powerhouse Minister Jake Berry said:

Northern exporters, innovators and creators are thriving within the globally competitive Northern Powerhouse economy.

As a government, we’re doing all we can to create a business-friendly environment to support British manufacturing in Liverpool, Manchester, Sheffield and throughout the Northern Powerhouse region.

These latest stats are a testament to the resolve, determination and hard work of Northern businesses and to what we can achieve through working together.

Successful exports mean the North West of England economy was valued at more than £166.5 billion, according to latest figures. This represents more than 8 per cent of UK total output.

At the Autumn Budget the government announced that Liverpool City Region would receive £134 million from the new Transforming Cities Fund. Funding will be invested in transport projects, which drive productivity by improving transport links around the city and reducing congestion.




News story: Scotland’s biggest trading partner continues to be rest of UK

Exports to the rest of the UK make up 61 per cent of Scotland’s total exports, nearly four times the amount of trade with the EU market.

Independent research published by the Fraser of Allander Institute in November last year showed that around 560,000 jobs in Scotland (nearly one in four of all jobs) are supported by demand for Scottish goods and services from the rest of the UK.

These statistics underline how vital it is that we do maintain Scottish businesses’ trade with their closest and most valuable market.

Commenting on the figures, Scottish Secretary David Mundell said:

These figures from the Scottish Government again show that Scotland’s trade with the rest of the UK is worth nearly four times that with the EU. We know that more than half a million Scottish jobs depend on the vital UK internal market.

I cautiously welcome today’s labour market statistics. But we know the Scottish economy continues to lag behind the rest of the UK, reinforcing the need to maintain our trade with the rest of the UK.

As the UK prepares to leave the EU, it is essential that we ensure the UK internal market continues unimpeded.

The trade figures also show an increase of over half a billion pounds in exports to markets outside the EU. This demonstrates the opportunities that lie ahead for Scottish businesses, as we strike new, ambitious trade deals around the world.




Press release: North east rivers get fish stocks boost

The Environment Agency has released more than 40,000 young fish into north east rivers during last year to give stocks a boost.

The fish – chub, dace, roach, bream, barbel, tench, grayling, crucian carp and rudd – are just some that were released right across the region during 2017.

And on Monday (22 January), the Environment Agency’s north east fisheries team started off the new year by releasing 4,000 chub and 5,000 roach into the River Skerne at Darlington.

All the fish were reared at the Environment Agency’s fish farm near Calverton, Nottinghamshire, using funding from rod licence sales.

Last year fish were released into rivers such as the Tees, Wear, Skerne, Gaunless, Browney, Blyth, Pont, Clow Beck and Langley Beck as well as Stillwater fisheries.

The work is part of the Environment Agency’s ongoing plan to develop and restore rivers and fisheries in the region, targeting those which have previously been affected by pollution or where barriers affect fish passage.

Paul Frear, Fisheries Officers for the Environment Agency in the north east, said:

Restocking is one of many things we do together with our partners to develop fisheries, including reducing the impact of pollution, improving habitats and removing barriers to fish migration.

The Environment Agency releases fish into our waterways annually. Fisheries officers target fish stocking activity using data from national fish surveys to identify where there are problems with poor breeding and survival. Paul added:

By releasing fish into the rivers it helps the process of natural recovery and development. We’re pleased to be able to provide these young fish as part of our commitment to rod licence paying anglers. Restoration and the creation of new fisheries for all people to enjoy is a very important aspect of our work.

Many of our industrialised rivers have improved dramatically in water quality in the last 30 years and targeted and appropriate restocking has helped the restoration of natural fish stocks and viable fisheries.

Angling is a great way to keep healthy and enjoy the natural environment. All rod licence income is used to fund work to protect and improve fish stocks and fisheries.

Fishing is free for children under 16, although those aged between 12 and 16 still need a junior licence. For anyone over 16, a full annual licence costs from just £30, with some short term and concessionary licences also available. You can buy your rod licence online at the gov.uk website




Press release: Number in employment reaches record high

This is a rise of 415,000 compared to last year’s figures.

The figures, released by the Office for National Statistics, also show that unemployment is at its lowest level since 1975.

Secretary of State for Work and Pensions, Esther McVey, said:

We had a record-breaking 2017 for employment, and I’m delighted to see this trend continue as we enter the new year.

The number of people in work is at an all-time high and the unemployment rate has not been this low for over 40 years.

At this time of year, straight after Christmas, people might be feeling a squeeze on their finances. We’re determined to help people keep more of what they earn.

That’s why we’ve increased the National Living Wage, introduced Universal Credit to offer greater flexibility and taken millions of people out of income tax altogether by raising the tax-free personal allowance.

In 2017, at least 10 employment records were broken. The employment rate and the number of people in work, the number of women in work and black and minority ethnic employment all reached record highs during the year.

Today’s employment figures also show:

  • there are a record 810,000 vacancies in the economy at any one time
  • the number of people in employment has increased by over 3 million since 2010
  • the UK has the third highest employment rate in the G7
  • the number of workers aged 50 plus has reached a record 10 million
  • youth unemployment has fallen by over 40% since 2010

Separate figures also released today show there are 700,000 people claiming Universal Credit as the rollout of the new benefit continues, with 42% in employment.

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