Daily Echo | In Depth | Archive of important stories affecting Southampton & Hampshire

Financial Crisis

City comedy club to close

Southampton's Bar Risa and Jongleurs

12:06pm Wednesday 21st October 2009

JONGLEURS Comedy Club in Southampton is to close - despite a rescue package for the parent company, it has been revealed.

Council's £12m budget cuts include axing 100 jobs

12:20pm Monday 19th October 2009

COUNCIL bosses in Southampton are considering axing 100 jobs as part of a drive to fill a £12m budget blackhole.

Recession 'not over yet' say business leaders

10:10am Tuesday 25th August 2009

HAMPSHIRE businesses refute claims that the UK is emerging from recession.

South sees a rise in unemployment

7:30am Thursday 13th August 2009

THE number of people on out-of-work benefits is rising in almost every part of the south, figures revealed yesterday.

Bank fined £1.61m over customers’ lost details

1:28pm Thursday 23rd July 2009

BANK claimed confidential information was lost in the post after leaving Southampton office.

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Revival hopes for crunch-hit scheme

10:32am Tuesday 21st July 2009

A HOUSEBUILDING giant is showing renewed interest in finishing an abandoned flagship development in the city.

Financial crisis is 'just like Le Tiss taking a penalty', says Bank boss

6:00am Friday 19th June 2009

BANK of England boss Mervyn King says trying to deal with the worst financial crisis in living memory is just like Matthew Le Tissier taking a penalty.

Banks torpedo £1m pool facelift plans

10:18am Tuesday 2nd June 2009

A POPULAR family swimming pool is facing a bleak future after banks pulled funding offers for a much needed £1m rebuild.

Southampton City News

Port bosses expecting business to pick up

10:57am Friday 29th May 2009

PORT bosses are hopeful they have endured the worst of the recession and are anticipating an upturn in their hard hit business.

Radio Hampshire off the air for good

10:10am Friday 29th May 2009

SOUTHAMPTON based Radio Hampshire went off the air permanently yesterday – to the surprise of both staff and listeners.

Water company axes 200 jobs

1:20pm Wednesday 20th May 2009

A WATER company which supplies hundreds of Hampshire homes today announced plans to make 200 job cuts by the end of the year due to ''the current economic climate''.

Freeborn drives on as Wyatt collapses

10:01am Tuesday 19th May 2009

ANOTHER of the south’s oldest motor dealership names has fallen victim to the recession after Hampshire-based Wyatt group collapsed under the weight of £1m in debts.

Workers rally round in Royal Mail battle

10:10am Monday 18th May 2009

POSTAL workers held a rally in Southampton demanding the Government abandon its plan to sell a stake in Royal Mail.

Lower rates reduce repossession fears

5:30am Sunday 17th May 2009

THE NUMBER of people in the south under threat of losing their home after failing to pay the mortgage has fallen as owners reap the benefits of low interest rates.

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Pension fund rebellion over Horlick losses of council investments

10:02am Thursday 14th May 2009

BOSSES at Hampshire County Council are staying tight-lipped about their position on so-called City “superwoman” Nicola Horlick, pictured, who faces a shareholder rebellion over huge losses.

Football shirt sales set to drop

11:19am Wednesday 6th May 2009

FOOTBALL fans are set to cut back on buying new replica shirts as the recession threatens to hit spending on club merchandise.

Saints News

End of an era for Southampton Ford staff

9:24am Friday 1st May 2009

IT IS the end of an era for a major Hampshire employer today as more than 500 workers at the giant Ford plant will walk through the gates for the last time.

Popular city pub closes

10:37am Friday 1st May 2009

UPMARKET pub chain Bar Room Bar has closed its Southampton branch after it collapsed due to cash flow difficulties.

Historic city hotel to go out of business

11:40am Thursday 30th April 2009

THE boards are about to go up in front of one of Hampshire’s most historic businesses after no buyer could be found for the ailing Dolphin Hotel.

Budget 2009: Hampshire prepares for the 'most important budget in a generation'

6:30am Wednesday 22nd April 2009

CUT staffing costs, encourage enterprise, slash red tape, invest in skills and simplify tax – that’s the call from Hampshire businesses ahead of what’s being billed as the most important budget for a generation later today.

City youngsters cash in on pocket money

9:42am Friday 17th April 2009

THE RECESSION may be forcing the purse strings to tighten – but not if you are a child in Southampton it seems.

Live gigs to take place of lap dancing

8:58am Tuesday 14th April 2009

A SOUTHAMPTON strip club is calling time on topless dancing in a bid to beat the recession.

Over 100 Norwich Union workers facing the axe

8:32am Friday 3rd April 2009

HAMPSHIRE employees of insurance giant Norwich Union are fearing for their jobs yet again after it emerged a further 103 workers face the axe.

City's derelict building site is sign of the recession

11:17am Friday 3rd April 2009

IT IS a monument to the impact of the recession in Southampton.

Recession to blame for soaring crime stats

12:58pm Monday 30th March 2009

RECESSION-FUELLED crime against Southampton businesses has soared by 112 per cent, according to figures released today.

New Hampshire bank will help homebuyers

10:35am Friday 27th March 2009

BOSSES of a new bank for Hampshire were today unveiling plans to help scores of people buy homes.

Profits slump at major Hampshire firm

8:20am Thursday 26th March 2009

THE impact of the consumer downturn on sales of new kitchens and bathrooms contributed to a £25m slump in profits at Hampshire based DIY chain B&Q today.

Ford swamped with redundancy requests

10:29am Thursday 19th March 2009

FORD bosses have been swamped by workers requesting redundancy from the Southampton Transit factory as news of a further three-week shutdown hits the shop floor.

Jobless benefit claims soaring across county

9:10am Thursday 19th March 2009

VICTIMS of redundancies made at the start of the year are swelling the ranks of people claiming jobless benefits in the south.

Pension fund rules out action against problem bank

8:39am Tuesday 17th March 2009

BOSSES of the Hampshire Pension Fund last night ruled out following other local authorities in suing Sir Fred Goodwin and the Royal Bank of Scotland.

Ford jobs fallout across Hampshire

5:00pm Monday 16th March 2009

THE full force of the Ford job cuts can be felt across Hampshire today, the Daily Echo can reveal.

Breathing space over Icelandic crash

6:20am Wednesday 11th March 2009

COUNCIL chiefs in Winchester, who are trying to rescue £1m from a failed bank, are being given some breathing space.

City jobless soaring above 6,000 mark

7:30am Tuesday 10th March 2009

THE number of people out of work in Southampton has smashed through the 6,000 mark with 40 per cent more unemployed than at the same time last year.

IT company forced into administration

9:26am Monday 9th March 2009

A COLLAPSE in business at one of Hampshire’s oldest established computer firms has forced it to call in administrators and put scores of jobs at risk.

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One in four city pubs close

5:10pm Thursday 5th March 2009

NEARLY one in four Southampton pubs have closed in the past three years, shocking new figures show.

Bank of England slashes interest rate to half a per cent

12:12pm Thursday 5th March 2009

THE Bank of England has once again slashed interest rates.

Hundreds more jobs to go at ITV

7:45am Wednesday 4th March 2009

HUNDREDS more jobs are set to go at ITV, the broadcaster announced today.

Jobs at risk as electronics giant eyes cuts at Hampshire plant

2:58pm Tuesday 3rd March 2009

STAFF at Sony's Hampshire plant have been told have been told they may lose their jobs.

Businesses vote against BID to boost city centre

9:24am Monday 2nd March 2009

BUSINESS leaders have vowed to find other ways to improve the city centre after firms voted against paying an extra 1.2 per cent on their rates to do it.

Yet another 42 jobs to go at city docks

12:08pm Friday 27th February 2009

ANOTHER 42 dock workers are to be axed as port bosses struggle with the collapse in business triggered by the global recession.

Shock after children's hospital is turned down for financial help

6:06pm Monday 23rd February 2009

A CHILDREN'S hospice says it is "shocked" after Westminster turned it down for financial help.

Employment minister confident in city's future

3:04pm Monday 23rd February 2009

SOUTHAMPTON is proof that it is not all doom and gloom on the employment front, according to one Government minister.

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The Bank of Hampshire?

9:10am Sunday 22nd February 2009

A group of county business leaders are so outraged by the behaviour of the banks that they are setting up their own.

Contractor staff axed at city container port

11:20am Thursday 19th February 2009

CONTAINER port bosses have axed 22 contract staff and warned further job cuts can’t be ruled out.

Inflation busting 4.5% council tax rise planned for Test Valley

3:10pm Wednesday 18th February 2009

CASH-strapped council chiefs in the Test Valley were tonight set to recommend an inflation busting council tax increase of 4.5 per cent.

Fast food chains in a frenzy

10:35am Wednesday 18th February 2009

BUCKETS of chicken, pizza and burgers now dominate the menu for penny-watching consumers as the recession proves that the UK is still a fast food nation.

Council's £15m revamp of Civic Centre may boost local economy

8:28am Tuesday 17th February 2009

CIVIC chiefs have pledged to help local firms get a slice of the £15m work to repair Southampton’s crumbling Civic Centre.

Big rise in ‘pop-up’ shops on high street

4:31pm Tuesday 17th February 2009

TEMPORARY “pop-up” shops are likely to take over some of the scores of empty shops in Southampton , according to a new council report.

What the economic downturn means to the city of Southampton

9:50am Sunday 15th February 2009

The devastating impact of the recession in Southampton is today revealed in a special Daily Echo investigation. The statistics have shocked even the city’s most optimistic leaders, who today conceded we are in serious trouble – and it’s going to get much worse.

The recession - In Depth

A bleak snapshot of the city of Southampton

1:50pm Saturday 14th February 2009

THE Daily Echo can today lay bare the devastating impact of the recession on Southampton.

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