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The North West region could lose £72bn over the next 12 years if it does not act now to prepare for legislative and regulatory changes and take the lead with environmental specialisms such as carbon trading, it was claimed this morning. The Deloitte study, commissioned by Manchester Enterprises has been dubbed the Mini-Stern report. Phil Woolas MP, minister of state for the environment, said: "Adapting to climate change and meeting the challenge of a low-carbon economy is necessary for economic competitive advantage," 
Angry Anderson calls for Hilton's head Joe Anderson, the leader of the Labour group in Liverpool City Council, has written to the city solicitor Michael Kenworthy requesting the suspension of chief executive Colin Hilton. Anderson said he was acting "more in sorrow than anger" as he demanded an investigation into the handling of three affairs: the investigation into the Liverpool Evil Cabal website, matters relating to former Culture Company boss Jason Harborow and the monitoring of phone records.
Eastern promise for Bibby Bibby Line has entered the eastern Europe market with the takeover of MA Olevent, a Ukrainian crew manning agency, for an undisclosed sum by its Bibby International Services (BIS) arm, which provides shipping crew across the world. BIS will rename the business as Bibby Ship Management (Eastern Europe) so it can take on more seafarers to deploy to ship owners and operators.
Try a little tenderness Galliford Try has won a £3.8m contract to build an IVF centre at Liverpool Women's Hospital. The two-storey extension to the Hewitt Centre will transform the hospital, which already has the UK's largest IVF unit, into one of Europe's biggest IVF centres. The 1,400 sq ft centre will include a sperm bank, egg-freezing facility, modern embryology laboratory and dedicated recovery services. Work will start this month and is likely to be completed by March 2009.
Three years of pain before 2011 gain, says Atisreal Property consultancy Atisreal said yesterday that it does not expect to see rental growth in commercial property for three years. Speaking at the company's economic review in Manchester, Andrew Marston, associate director of research, said: "This year will be worse than last year, and 2009 worse still. We should enter a recovery phase in 2010 and see positive growth in 2011. The misery will be shared by most sectors, although regional offices will not suffer as badly as central London or the retail warehouse sector."
The Work Foundation's How Can Cities Thrive in the Changing Economy report, released this week, contained some positives for the region but some parts that appeared alarming at first glance. Wigan was ranked 55 out of the 56 places studied, being named as a "stuck city" rather than a "resurgent" one. Leaving aside the fact that Wigan is not a city, the research covers the period 1995 to 2005 and quite a lot has changed since then. Stuck cities are lambasted for not working with their larger neighbours, which is exactly what Wigan and the other Greater Manchester boroughs have focused on over the past couple of years. Still, at least there wasn't anything about pies.
Deal of the week Prescot-based outsourcing company Vertex has continued on its quest for growth by acquiring the utility services business of Alliance Data Systems Corporation, a provider of billing systems, professional services and process outsourcing in the US and Canada. The deal is expected to be completed in the third quarter and will swell Vertex's existing utilities business to more than 2,000 employees across 18 sites. Vertex was established in 1996 by United Utilities and was acquired by a consortium of three US-based private equity firms in 2007 for £217.5m.
"Do as I say, not as I did" quote of the week "What you want to build is a financial vehicle to be able to continue to fund racing. What are the two incomes to that sport? One is the levy and the other is the profits from the Tote. So why not put the Levy Board into the new Tote Trust, so the new Tote Trust actually becomes the financial body for the sport?" Richard Caborn has a bright idea about how to sell off state bookmaker the Tote, having failed to complete the job in six years as sports minister.
Break out the Champagne quote of the week "It is a tough market but we believe in the quality of our scheme. Given the challenging residential sales market, achieving an agreement to operate these units is obviously welcome news and a testament to our vision." Vermont Developments' chief executive Mark Connor on sealing a deal with Ramada to operate serviced apartments as well as a hotel at the Quarter, as other residential developers seethe with jealousy.
Canapé won't pay Insider couldn't make the legendary Paver Smith pub crawl last weekend and is far too busy to quaff Champagne at the golf, so this week's title goes to Manchester's Bridgewater Hall for a high-class display for property consultancy Atisreal's economic review, at which the outlook was even gloomier than the Manchester weather.
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