Live updates

Rugby World Cup will bring millions to Exeter's economy

The Webb Ellis Cup Credit: Owen Humphreys/PA

It is estimated that the Rugby World Cup in 2015 will bring £17 million to Exeter's economy.

An economic impact study has revealed that the Tournament will generate economic output of £39 million - £17 million of which will be added to the local economy.

Sandy Park will be one of 13 venues hosting matches during the Tournament - which begins next September.

Christmas money worries for 1 in 4

More than a quarter of people in our region are worried about how they will afford Christmas this year, according to a new survey.

The Money Advice Service says almost a third of us will turn to credit cards to help fund our celebrations, while 1 in 25 will take out a payday loan.

It is urging shoppers to plan their festive spending carefully, including making a budget, comparing online and high street shops and looking for special offers.

Christmas shoppers should spend wisely Credit: Barry Batchelor/PA Archive/Press Association Images

Advertisement

Falmouth Tall Ships bring multi-million pound economic boost

Falmouth Tall Ships Regatta 2014 Credit: Ben Birchall/PA

The Falmouth Tall Ships Regatta has brought a multi-million pound boost to Cornwall's economy.

197,000 people visited Falmouth during the four-day festival in August - increasing the turnover for local businesses by an estimated £10,000. 40 per cent of businesses extended their opening hours to deal with the influx of visitors.

Falmouth has done it again – in the spirit of cooperation and partnership we have delivered a truly outstanding event. There were huge crowds, wonderful weather, the most beautiful ships to look at and everybody was happy, but most importantly the event provided long-term benefits and a lasting legacy. It demonstrated Falmouth’s impressive strength for partnership and it is because of this that the event was the success that it was.

– John Hick, Falmouth Tall Ships Regatta Chairman

Campaign launched to claim back local fishing rights

West Country fisherman have learnt the scale of foreign dominance in fishing quotas; a Greenpeace investigation shows that 43% of the UK's fishing quota is held by foreign-controlled fishing businesses.

The 'Our Net Gain' campaign launched today urges the government to reclaim fishing quota for local, low-impact fishermen here in the UK, which , it is argued, would benefit coastal economies and marine life.

Foreign firms control 43% of the UK fishing quota. Credit: PA
  1. West Country (E)

Dairy farmers call for fairer division of milk profits

Some dairy farmers are facing increasing financial hardship as milk prices drop Credit: Dave Thompson/PA Wire

This lunchtime the Environment Secretary Elizabeth Truss is chairing a meeting to discuss the pressures facing dairy farmers.

Some say the price they're paid for milk has been cut by 20% in the past six months. Mark Humphry, who is chairman of the farmers providing milk to Bruton's Wyke Farms, says he'll soon be selling milk for less than it costs to produce. He blames the supermarkets.

From the milk that we produce in the dairy to the cheese that ends up on your plate, there should be enough margin there if it's shared evenly between the retailer, which is the supermarket, the processor and the farmer. We should all be able to make a living but there is a huge feeling at the moment that the retailer is taking the lion's share of it and not sharing it.

– Mark Humphry, Dairy farmer, Taunton
Mark Humphry is a Somerset dairy farmer

Advertisement

MP's fears for Newquay Airport following Lib Dem vote

Stephen Gilbert fears Newquay Airport could be squeezed out Credit: ITV News

Stephen Gilbert, Liberal Democrat MP for St Austell & Newquay, says he's disappointed that his party has approved a policy which he says could squeeze out services from Newquay airport.

The party conference voted against further expansion of runways in the south east. and Mr Gilbert argues this means that major airports there will be forced to concentrate on long-haul flights at the expense of internal flights to regional airports.

£3.2 billion naval base investment

The Ministry of Defence has awarded contracts worth more than 3 billion pounds to support the UK's naval bases. Credit: MOD

The MOD has awarded £3.2 billion of contracts to support the management of the UK's naval bases.

The contracts will also cover the maintenance and repair of the Royal Navy’s warships and submarines, which the MOD says will directly sustain more than 7,500 jobs across the UK.

Babcock, which manages Her Majesty’s Naval Bases at Devonport and Clyde, has been awarded a £2.6 billion contract, while BAE Systems, which manages Portsmouth Naval Base, has been awarded a £600 million contract.

The deal brings 5 existing contracts under one framework.

The deal will sustain 7,500 jobs across the country Credit: Crown copyright

These significant contracts represent a strategic investment in the Royal Navy’s essential infrastructure.

Without the stalwart and tireless support provided by each of the 3 naval bases ashore, the ships and submarines of the Royal Navy would not be able to deploy as a credible, strategic and global presence at sea.

– The First Sea Lord, Admiral Sir George Zambellas

MOD contracts will sustain 7,500 jobs

The investment will sustain more than 7,500 jobs Credit: Yui Mok/PA Wire/Press Association Images

This huge investment in our naval bases will directly sustain more than 7,500 jobs and skills across the UK and ensure that the Royal Navy’s fleet of 56 warships and submarines are in the best possible condition and available for operations.

Following the £3.5 billion Scout armoured vehicle contract, this is the second biggest defence contract placed by this government and reflects our commitment to giving our armed forces what they need to keep Britain safe.

– Defence Secretary Michael Fallon

Thousands of jobs secured at Devonport Naval Base

HMS Ocean arrives into the docks at Royal Naval Base Devonport Plymouth Credit: Ben Birchall/PA Archive/Press Association Images

The Ministry of Defence has awarded contracts worth more than 3 billion pounds to support the UK's naval bases. It means up to 4 thousand jobs will be maintained at Devonport in Plymouth. The contracts cover submarine and warship maintenance.

These significant contracts represent a strategic investment in the Royal Navy’s essential infrastructure.

Without the stalwart and tireless support provided by each of the 3 naval bases ashore, the ships and submarines of the Royal Navy would not be able to deploy as a credible, strategic and global presence at sea.

– First Sea Lord, Admiral Sir George Zambellas
Load more updates