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dryrot

Newport's Tiger Economy (Mos) Once Deprived Welsh

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Hi

From Mail on Sunday 26/9/ - one for The Masked Tulip?

http://www.dailymail.co.uk/property/article-1315633/Newports-Tiger-economy-With-golfs-Ryder-Cup-taking-place-deprived-Welsh-town-nicely-teed-lift-off.html

"Later this week at the Celtic Manor Resort in South Wales, 150,000 spectators will watch the best European and American golfers do battle in the biennial Ryder Cup - including Tiger Woods, facing his first tournament abroad since his divorce last month. Two miles down the road, planners, urban regenerators and private developers have an equally tough challenge: to ensure the renaissance of Newport does not stall in these straitened times.

[..]

The Ryder Cup will bring £73million into the local economy, and the city has spent £30million on regeneration in the past five years.

New housing is springing up along both banks of the River Usk in the centre of town and new residents or returning locals are singing Newport's praises."

Sounds great, but the article mentions the whoe place depends on Gov spending

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Government functions like the Office of National Statistics were moved out of the South-East to help support an area dependent on coal, steel, shipping.

It is easy to forget that without such a move the SouthEast economy would be even more over-heated and under-resourced.

Newport's dependence on public sector activity is a consequence of London's growth.

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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