The Scunthorpe Steel Works have provided jobs and income to families in the town for over 150 years. The announcement of 2,200 job losses and the closure of the Redcar plant started speculation in Scunthorpe. The news today that over 900 jobs would be cut confirmed the town's worst fears. The possibility of the closure of the Scunthorpe Steel Works is becoming a reality. As a Scunthorpe resident, I'm worried about the future. What will happen to my town?
"It seems a muddle", I wondered aloud after he presented the Bank's latest outlook for the economy. What was his response? He glowered, and shot back: "You're muddled, I'm afraid." Sitting at his side, deputy governor Ben Broadbent duly chuckled at Carney's catty response. I was almost surprised he didn't offer a saucer of milk.
Its 8am on a Friday morning and I'm sitting in a busy airport lounge waiting for my flight to San Diego. Why? Because this week is the kick off the week-long entrepreneur Mission to California for UK companies working in Robotics and Autonomous Systems (RAS) - and it's destined to be an inspiring one.