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Thousands of jobs could be under threat due to dramatic reduction in North Sea oil and gas revenue

There is a warning that thousands of jobs are under threat because of a dramatic reduction in North Sea oil and gas revenue.

It is likely to have more of an effect on oil production off Scotland, but firms in our region will not be immune from the economic decline.

They are calling on the Government to provide tax breaks to help make the UK energy industry more competitive.

Click below to watch Malcolm Robertson's report:

Prime Minister will claim his economic plan 'is working in the East of England" during second visit to region

David Cameron at the Vauxhall factory in Luton on Tuesday. Credit: ITV News Anglia.

The Prime Minister will be back in the region today to set out his long-term economic plan for the East of England.

David Cameron will make a speech to business leaders in Felixstowe during his visit to Norfolk, Suffolk and Cambridgeshire.

He will claim the government's plan has worked so far in the East of England - making it the fastest growing economy outside of London.

Yesterday, the Prime Minister met automotive industry workers in Bedfordshire and Northamptonshire.

"We will keep working through our plan to secure a brighter future for hardworking people across the East of England by making the most of the region’s strengths in science, defence and energy, ensuring we have world-class infrastructure and backing business to create more jobs.”

– David Cameron.

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Tesco offers communities £20k after stores 'mothballed'

Tesco is offering a £20,000 'community fund' to residents in Chatteris and Whittlesey to say sorry for not opening new stores earmarked for the towns.

Empty Tesco store to remain closed Credit: ITV News Anglia.

The deal has been struck by Fenland District Council and follows an earlier Tesco donation to Chatteris groups of £4,000 agreed with MP Steve Barclay after the store was mothballed.

The crisis-hit retailer announced last month it would close 43 stores, putting 2,000 jobs at risk.

Multimillion pound dementia research centre opens in Cambridge

A new multimillion pound research centre dedicated to developing dementia treatments is opening at Cambridge University today.

Dementia affects more than 800,000 people in the UK Credit: ITV News, Anglia

90 scientists will be based at the centre over the next five years, it's being funded by the Alzheimer's Research charity.

Dementia affects more than 800,000 people in the UK and costs the UK economy £23bn a year.

Is this the future of train travel in the East?

A battery powered train being tested Credit: Network Rail

Network Rail will be unveiling what it says is the future of train travel in our region this week.

The company been trialling the use of an electric engine on routes in the Harwich area of Essex.

Rail bosses say a fleet of similar ones could be more efficient, quieter, better for the environment, and help reduce running costs by 20%.

Work due to start on multi-million pound council HQ

An impression of how the new HQ will look Credit: Northants County Council

Work is due to start this week on Northamptonshire County Council's new headquarters.

The £53 million project, known as Project Angel, will see staff move out of 12 buildings in Northampton into one purpose-built office in the town centre.

The council says they'll save money and bring 2000 office workers back into the town centre.

It's expected the building work will be finished by October 2016, with everyone moving in by the end of that year.

"I'm delighted that the project is now underway. This is a very important scheme not only for the county council but for the regeneration of Northampton and for the county as a whole.

Not only will it save millions of pounds of taxpayers' money by moving out of old inefficient buildings but it will also boost Northampton by bringing 2,000 office workers back into the town centre.

We've already seen a number of redevelopment projects in Northampton, creating a county town of which we can all be proud."

– Councillor Jim Harker, County Council leader

A sod cutting ceremony to officially mark the start of the work will take place on Tuesday 10th February.

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Govt says more homes now get superfast broadband

Credit: ITV News Anglia

Almost 300,000 homes and businesses in the East of England now have access to superfast broadband according to Government figures.

Ministers say the roll out of fibre broadband - which generates speeds of at least 24 mega bits per second - will lead to tens of thousands of jobs being created nationwide.

The Culture Minister Ed Vaizey will visit Norwich on Monday February 9th to launch the latest phase of the government's broadband scheme which aims to support properties in the hardest-to-reach areas.

"Today there are two million more UK homes and businesses with access to superfast broadband than there were two years ago as a result of this ambitious project.

This is a tremendous result that is already making a huge difference to millions of people.

We want everyone in the UK to be able to enjoy the benefits of superfast broadband, that's why we've begun work on reaching the last five per cent of communities not covered by existing plans."

– Culture Secretary Sajid Javid

Northampton: What will £55million 99p stores sale mean for jobs and shoppers?

It's been confirmed the Northampton company 99p Stores is being taken over by it's larger rival Poundland in a deal worth more than £55million.

The family run budget retailer employs 6,500 people, hundreds of them at its headquarters and distribution centre in the town.

Poundland claims it's good news for customers - but what will it mean for jobs and shoppers in the region?

Click below to watch a report from ITV News Anglia's Russell Hookey

Poundland to buy Northamptonshire-based 99p stores in £55million deal

99p Stores is set to be bought out by its rival, Poundland. Credit: ITV News Anglia

The Northamptonshire-based company 99p Stores is set to be bought out by its rival, Poundland, in a £55million deal.

The family run budget chain, including the brand family bargains, has 251 shops across the country and employs 6,500 people - 200 at its headquarters in Northampton.

The deal, which would include a warehouse and distribution centre, is subject to approval by competition authorities.

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