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The Exeter pound: the city's new currency set to help local traders

The new currency will help support local traders Credit: ITV News

Exeter is to follow Totnes and have its own currency. The Exeter pound is being introduced to support local traders by diverting more of the money currently spent in chains.

Pounds Sterling spent in national businesses leave the city, but by spending Exeter Pounds more money will circulate in the City.

"I think Exeter people are very proud of their City and they want to see it thrive they want to see Exeter grow in the UK so I think people will be really excited to use Exeter pounds."

– Shop owner

176 jobs at risk as Somerset paper mill faces closure

West Somerset's MP Ian Liddell-Grainger is meeting managers at a giant paper mill at Watchet this morning after it was announced all 176 jobs there could go.

The giant Wansbrough paper mill has been in operation for more than 250 years but new investment is needed and its owners are proposing shutting it down by the end of the year. The mill is the biggest employer in the town and its feared closure will have a devastating impact.

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Launceston Steam Railway worker robbed at knifepoint

The man is thought to be in his 40s or 50s

Police are questioning a man after an armed robbery at Launceston Steam Railway in Cornwall.

A man threatened the assistant working in the railway's gift shop, pulling out a kitchen knife and demanding the contents of the till.

He made off with several hundred pounds, assaulting a police officer nearby before escaping.

The officer needed hospital treatment but is not said to be badly hurt. No one at the railway was injured.

Otter family go wild for new water slide

A family of otters at Newquay Zoo in Cornwall certainly have something to keep them busy this Bank Holiday - after a water slide was placed in their pool.

The new addition is part of an enrichment programme, and is meant to keep the otters entertained and stimulated. Other new methods in the zoo include a bubble machine for the penguins and a blood ice lolly for a male lion.

£500 million to Plymouth's rival dockyard

The money will go to Faslane near Glasgow Credit: ITV News

Plymouth has been left out of a government plan that will see £500 million go to one of Devonport's rival dockyards - Faslane on the Clyde.

Alongside Portsmouth and Devonport, Faslane is one of three major naval hubs, and is the home of Britain’s Trident nuclear deterrent.

The money will go towards a 10-year infrastructure project which is expected to begin in 2017. The plans include building sea walls and jetties, and will create thousands of jobs.

Two submarines from Devonport will also be moved up to Faslane in 2020.

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