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Derbyshire County Council to debate council tax rise.

Derbyshire County Council Credit: Derbyshire County Council

Derbyshire County Council will meet today to discuss how it can reduce its spending by a third between 2013 and 2018.

Council tax could rise by as much as 2% as the authority's funding from central Government falls.

The authority hopes to raise £5 million under the plans.

It needs to save £45 million from its budget over the next financial year and £157 million by 2018.

Other proposals include cuts to adult care and economy and transport initiatives.

Birmingham house prices begin to catch up with fastest-growing cities

Birmingham house prices are accelerating fast, according to new figures Credit: PA

House prices in Birmingham are beginning to catch up with some of the fastest growing cities like London, Oxford and Cambridge.

House prices in the UK's second city accelerated over the last six months - rising by 5.4 per cent over the last year.

New figures from property analyst Hometrack show the gap between the UK cities with the fastest and slowest house price growth is at its smallest for 16 years.

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Another 700 new homes to be built in Coventry

Builders working on a housing development. Credit: Rui Vieira/PA Wire

More than 700 homes have been earmarked for development on the former Courtaulds site off Foleshill Road in Coventry.

Developers, Persimmon Homes South Midlands, are investing £65 million on the project.

Phase one will see 113 properties built, after Persimmon was granted planning permission earlier this month.

Plans for Paragon Park in Coventry Credit: Persimmon Homes South Midlands

“This is an area which has become derelict and needs investment.

We are building more than 1,100 new homes across four sites in Coventry all together, which proves our long-term commitment to the city.”

– Andy Peters, Managing Director for Persimmon Homes South Midlands

Economist: 'Nottingham has work to do with national economy'

Nottingham has made it into the top 10 cities with the highest growth in jobs.

That is according to The Centre for Cities' report. It looked at growth between 2004 and 2013.

Nottingham was 10th on the list, with a 7.7% rise in the number of jobs - just under 21,500.

Paul Swinney, a senior economist at the Centre for Cities, said although the news is good for the city, it still has work to do on a national level.

Economist: Coventry has performed 'very strongly'

Coventry has been named the seventh top city in the UK with the highest growth in jobs, according to a new report.

Paul Swinney, a senior economist at the Centre for Cities, said Coventry has performed 'very strongly'.

The Centre for Cities' report looks at growth between 2004 and 2013.

Coventry saw an 8.4% rise in jobs over the nine year period.

Nottingham and Coventry in top 10 for job growth

A new report out today shows that Nottingham and Coventry have made it into the top 10 UK cities with the highest growth in jobs.

Nottingham council house Credit: Adam Peck/PA Archive/Press Association Images

The Centre for Cities' report looks at growth between 2004 and 2013.

Coventry was seventh on the list, with an 8.4% rise in jobs, just under 12,000.

Nottingham was 10th on the list, with a 7.7% rise in the number of jobs, just under 21,500.

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Lunar Society back the campaign against Birmingham's library cuts

The Lunar Society - a group which encourages debate over issues in Birmingham - have backed a campaign against the city's Library cuts.

Despite the City Council announcing plans to reduce opening hours and make half of the staff redundant to save money, the society think other options should be considered.

The ideas they have put forward include commercial sponsorship, alternative management solutions and a setting up a separate development trust.

Chancellor's Autumn Statement - key points so far

Our political correspondent Alison Mackenzie is scrutinising the Chancellor's Autumn Statement to see how it will affect businesses and households here in the Midlands.

Business leaders welcome reported Qatari HS2 investment

Business leaders in Birmingham have welcomed reports of a proposed investment from the Qatari royal family in the city's planned HS2 station.

An aerial view of how Curzon Street station could look Credit: HS2 Limited

The Emir of Qatar visited the UK last month, and reportedly told Prime Minister David Cameron that the Gulf state were particularly interested in investing in the regeneration planned in central Birmingham.

The Curzon Street station would become one of the largest new stations in Britain for over a century, if the plans for the HS2 station were to come to fruition.

The plans there also include building 2,000 homes and 600,000 square metres of office space in the area.

We should celebrate that any major development in Birmingham attracts global interest so it is no surprise that Curzon Street is attracting widespread attention. It was always the case that HS2 would need to be backed by private investment.

– Jerry Blackett, Greater Birmingham Chambers of Commerce (GBCC)
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