Stockton-on-Tees Borough Council

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View Cabinet Decision Record

Cabinet Decision: 6th September 2012
Title of Item/Report
Economic Climate Report
Record of the Decision
Cabinet considered a monthly update report providing members with an overview of the current economic climate, outlining the effects that this was having on Stockton Borough, and the mitigations already in place and those being developed.

Members noted some of the positive and negative developments since the last report. Details of the support on offer to people and businesses was also provided.

Particular reference was made to the recent announcement, by Direct Line, that it would be closing its call centre in Thornaby, with the loss of over 500 jobs. It was explained that the announcement had come as a complete shock, with no previous indication by the company. The Council had written to Direct Line with a view to discussing an action plan. The Council would be taking the lead on trying to support those affected but other partners in this were likely to include Tees Valley Unlimited, Job Centre Plus, Stockton Riverside College, Chamber of Commerce

RESOLVED that the content of the report, and initial planned response to the Direct Line announcement be noted and the work being undertaken supported.

Reasons for the Decision
The global economic slow down is having a significant affect on local businesses, residents and Council Services.
Alternative Options Considered and Rejected
None
Declared (Cabinet Member) Conflicts of Interest
Councillor Smith declared a personal interest in the item entitled Economic Climate, as his employer was mentioned in the report.
Details of any Dispensations
Not applicable
Date and Time by which Call In must be executed
Midnight on Friday 14 September 2012
Attachment

Date of Publication: 11 September 2012


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