Toshiba's review of its nuclear projects, including the proposed Moorside power plant in Cumbria, is a "huge development" according to a nuclear expert.
Paul Dorfman, Founder of the Nuclear Consulting Group, told ITV Border he thinks the company will definitely pull out of the £10 billion project, which it's hoped will bring 21,000 jobs to Cumbria.
This is a huge development. NuGen is what Moorside is all about. There is no question that they are pulling out of Moorside. It all comes down to the realities of nuclear economics. ENGIE are also worried about the cost of Moorside. The government is in talks with a South Korean company KEPCO but there is also doubt as to how interested they are in investing in Moorside.
The development of a £10 billion nuclear power plant in Cumbria has been thrown into doubt by the Japanese company.Read the full story ›
The development of a new nuclear power plant in west Cumbria, which could bring 21,000 jobs to the region, has been thrown into doubt.
Toshiba has a 60 percent stake in NuGen, the company behind the planned Moorside development.
But last week, the Japanese company is reported to have said it's reviewing all nuclear power projects outside Japan, including Moorside.
Last month, the company said it might have to write off several billion dollars because of the purchase of CB&I Stone & Webster by Westinghouse, Toshiba's US subsidiary.
Cumbrian MP John Woodcock is to seek an urgent statement in Parliament on Wednesday following the news, which he's described as "alarming".
The government need to provide urgent assurances that they are doing everything within their power to ensure there are no problems with this project and that it will go ahead as planned.
That includes reviewing the reckless decision to pull out of the Euratom nuclear authority, and making it clear that they will not make decisions in our Brexit negotiations that will imperil the future of our nuclear industry.
A public consultation into the future of unconventional oil and gas extraction in Scotland begins today.Read the full story ›
Britain's premier cycling race brought nearly £250,000 to the region.Read the full story ›
An across-the-board increase in tourism statistics in the Scottish Borders is being attributed to the new railway line.Read the full story ›
Scores of jobs are set to go in the region after Clydesdale and Yorkshire Bank announced it is to close 79 branches nationwide.
The Unite union said more than 400 jobs would go and labelled the decision "deeply devastating" to the employees.
The closures amount to a third of the bank's branches and is the largest-ever closure plan by the company which will radically change the face of the bank, according to Unite.
Yorkshire Bank will close 39 branches and Clydesdale 40.
The company said the number of customers using their bank for day-to-day transactions across the industry had fallen by a third since 2011, while there had been a "sharp and sustained increase in digital and mobile engagement".
Where will the axe fall in our region - and how far to the nearest branch?
- Closure date : 25th April 2017
- Nearest Branch : Dumfries
- Distance to nearest Branch : 18 miles
It's the night before Christmas and shopkeepers across the region are celebrating a busy day of trading.
At the Lanes Shopping Centre in Carlisle a quiet afternoon followed a busy morning.
Nationally more of us are shopping online than in the shops but that's not been the case here.
Centre management say it's been a good year for businesses here. Here's Ian Proudfoot:
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A new video showcasing the best of the Scottish Borders has been created by Visit Scotland.
It's part of a three-year campaign to market the Borders Railway internationally, and put the new 100-mile track on the map.
This video is specifically geared towards attracting more visitors from the United States.
At Visit Scotland we've identified the US market as our biggest single market. We're doing the video to attract people to show them the stunning scenery that's available in the Borders and some of the attractions across the region."