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TOMORROW IN THE LDP Business [...].

TOMORROW IN THE LDP Business for all the latest local and national business news In association with w.ldpbusiness.co.uk rensburgsheppards.co.uk FTSE-100 5307.3 44.8 s Private sector 'ready to take up the slack' MINING and financial stocks gained ground yesterday to push the FTSE 100 Index ahead. The blue-chip benchmark added 44.8 points to 5307.3 - a gain of 0.9% - although it finished off session highs as early momentum on Wall Street from strong corporate results and economic news faded. Meanwhile, on Wall Street, the Dow Jones Index fell 114.88, or 1.1 %, to 10,510.95, the Standard & Poor's 500 index fell 16.14, or 1.4 %, to 1,120.80, and the Nasdaq fell 36.97, or 1.6 %, to 2,317.26.

by Tony McDonough LDPDEPUTYBUSINESSEDITOR tony.mcdonough@liverpool.com proportion of Merseyside workers employed in the public sector is 10% higher than the UK average .

"While trading volumes will have been hit by the global recession, the new management at the Port of Liverpool is in the process of planning and implementing projects on both sides of the River Mersey that should ensure socio-economic benefits for Merseyside."

This could mean any cuts could have a disproportionate effect on the Liverpool city region. Gateway bridge scheme. However, Jack Stopforth, chief executive of Liverpool Chamber of Commerce, also has faith in the strength of the public sector and adds any cuts may even provide new opportunities. He said: "I agree with Peter about how much better equipped our private sector is now.

A LEADING Merseyside economist says the Liverpool city region needs to "hold its breath" ahead of details of pounds 6bn of public spending cuts due to be announced on Monday.

"I think Merseyside has got to be holding its breath ahead of this announcement," said Mr Stoney. LRGM's latest report acknowledges the problem, but also points out that the region's private sector is now much better placed to fill the gap left by any public sector cuts.

The region could be one of the worst-affected parts of the country when the Conservative-Liberal Democrat coalition spells out where pounds 6bn of cuts will fall next week. Mr Stoney added: "I am optimistic about the private sector in Merseyside. You only have to look at how well Jaguar Land Rover is now doing in terms of sales. The prospect of a car factory closure here seems to have gone away for now."

It states: "The principal source of resilience stems from the prospective performance of one of its biggest natural assets - its port. Peter Stoney, an expert with the Liverpool Research Group in Macro-economics (LRGM), points out that the "We needed the support of the Objective 1 money to address the structural weaknesses that existed in our economy. "I think that has done an extraordinarily good job, and has left us well-placed to compete.

There are fears for major infrastructure projects like the rebuilding of the Royal Liverpool Hospital and the Mersey CONTINUEDON PAGE 2 MARKET REPORT: PAGE 13 inside Rail depot ready for Virgin link upgrade LIVERPOOL Lord Mayor Cllr Mike Storey has opened a new pounds 15m maintenance facility atWavertree's Edge Hill rail depot .

Barge service on Ship Canal is doubled CONTAINER trade from Liverpool along the Manchester Ship Canal is growing.

PAGE 2 Vodafone deal CHESHIRE centre with 600 staff taken over.

PAGE 4 Jobs warning MORE jobs under threat at Dairy Crest PAGE 7 Network Rail's investment will enable engineer Alstom to service eight high-speed Pendolino trains each night for operator Virgin, compared with five previously. From November, the depot will work on extending the Pendolino fleet as Virgin adds extra capacity to its Liverpool to London route Virgin trains in the new pounds 15m Alstom facility LDP
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Publication:Daily Post (Liverpool, England)
Date:May 25, 2010
Words:632
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