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Tale Of Two Halves As North Suffers More Than South

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http://www.independent.co.uk/news/business/news/tale-of-two-halves-as-north-suffers-more-than-south-2371718.html

Britain's north-south divide is turning into a chasm as a shuddering recovery and steep cuts to public spending hit the North far more than the South.

Two sets of figures to be published today, covering business failures and house prices, will again show that the economic picture in the two halves of the country is starkly different.

Begbies Traynor, the insolvency specialist, will report a "material increase in problems in the past quarter across the North East, North West, Yorkshire, the Midlands, the East of England and Wales compared to decreasing distress in London and the South East".

Against a UK average of 2 per cent, the number of businesses facing both significant and critical financial distress in the past quarter fell by 6 per cent and 3 per cent, respectively, for London and the South East. But all other regions in England and Wales saw rises.

And by far the hardest hit was the North East, with a 19 per cent rise in business distress, followed by the North West with 12 per cent. Yorkshire, the Midlands, Wales and the South West saw increases of 10 per cent.

So once the North suffers to bailout the south, previously it's been to curb inflation in the South, now it's to bailout the square mile. Good to see where all in it together. After the manufacturing never recovered after the restructuring of the 70s/80s the investment needed was never delivered instead the quick easy fix of govt employment was used.

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

The above needs to be rewritten "Northern unemployment is an acceptable price to pay for bailing out the banks".

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It's not really a north-south divide is it.

It's a London and commuting environs and everywhere else.

Also the North gets the same wages at least in the Public sector (virtually) without Londoners nipping out and buying their places. Londoners thinking that £300k for a house is a mere snip coz they sold their place to an oligarch or an oligarch's nanny or something :)

As in - o look I sold my flat in Chiswick for £400k I think I shall rightsize to Brighton and mew a bit whilst I am at it for the Audi :).

argggghhhh

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http://www.independe...th-2371718.html

So once the North suffers to bailout the south, previously it's been to curb inflation in the South, now it's to bailout the square mile. Good to see where all in it together. After the manufacturing never recovered after the restructuring of the 70s/80s the investment needed was never delivered instead the quick easy fix of govt employment was used.

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

The above needs to be rewritten "Northern unemployment is an acceptable price to pay for bailing out the banks".

Hang on, so because the north is so heavily invested in public services, they are 'bailing out' the south - which pays for it all in the first place?

You mad?

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Northern economic collapse is an acceptable price to pay for high level civil servant and banker compensation in London.

It could be worse...

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It's not really a north-south divide is it.

It's a London and commuting environs and everywhere else.

Not sure. Look at prices in the prettier areas of Suffolk, Devon, and Dorset. Not commutable but still heated up by London's Ready Brek Glow

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http://www.independe...th-2371718.html

So once the North suffers to bailout the south, previously it's been to curb inflation in the South, now it's to bailout the square mile. Good to see where all in it together. After the manufacturing never recovered after the restructuring of the 70s/80s the investment needed was never delivered instead the quick easy fix of govt employment was used.

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

The above needs to be rewritten "Northern unemployment is an acceptable price to pay for bailing out the banks".

nonsense

HBOS

B&B

RBS

Northern Rock

they in London then?

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It's not really a north-south divide is it.

It's a London and commuting environs and everywhere else.

Not sure. Look at prices in the prettier areas of Suffolk, Devon, and Dorset. Not commutable but still heated up by London's Ready Brek Glow

It's a London and commuting environs and and retirement zone and everywhere else.

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Wheres the Central bank again?

Next to the Arbitrager Pub, Bank Tube Station and a short walk from St Paul's Catherdral and London Wall. If you need any other help let me know.

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Hang on, so because the north is so heavily invested in public services, they are 'bailing out' the south - which pays for it all in the first place?

You mad?

The North has been paying for Southern inflation for years with higher unemployment, in return we then generous got govt jobs to try and cover up the regional imbalances, now because the financial system is fooked even those jobs will disappear.

Once more the North pays.

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The North has been paying for Southern inflation for years with higher unemployment, in return we then generous got govt jobs to try and cover up the regional imbalances, now because the financial system is fooked even those jobs will disappear.

Once more the North pays.

That doesn't make sense. I can kind of agree that as a country we have concentrated on bleeding banking over manufacturing so that we are not a rounded country. (Don't the govt understand diversification/hedging?) but how is the North paying for the over inflaton.

And in the South we are losing jobs hand over fist anyway.

I know public sectors jobs that are being rescaled to a lesser pay scale with £1-3k less money on low payscales i.e. £14k-16k nr Brighton.

A friend has lost his contract at Lloyds - SouthWestish.

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Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

What with that, and his unrepentant bubble stoking after the dot com crash, he really was a complete c**t.

Edited by Fishbone Glover

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Next to the Arbitrager Pub, Bank Tube Station and a short walk from St Paul's Catherdral and London Wall. If you need any other help let me know.

:lol:

A friend has lost his contract at Lloyds - SouthWestish.

That is not much to go on. Can you provide more details please and we can try to find it.

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Relocate parliament, the BoE and the Treasury to Manchester (or Liverpool/Hull etc if you must) and (meantime) have two (or multiple) interest rate and fiscal policies.

1 for the City, London, South-East etc and 1 (many) for the rest of the country.

It is bonkers that with technology such as google maps, GPS, mobile telephony and so on that the govt. is incapable or having more than 1 fiscal and monetary policy based upon location.

Actually it's pathetic. They're still living in the 17th century.

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And remember, all those public sector jobs most economies outside the SE rely on were funded to maintain the UK boom illusion.

Had that not been the case, the rest of the G8/4/20 whatever would have been asking Mr Blair some very awkward questions about his invisible dinner suit.

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England should break into smaller nations.Scotland , wales NI should all become independant , then the north , the midlands and the south west should break away from the south east/London.Time to give London the middle finger.

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Relocate parliament, the BoE and the Treasury to Manchester (or Liverpool/Hull etc if you must) and (meantime) have two (or multiple) interest rate and fiscal policies.

1 for the City, London, South-East etc and 1 (many) for the rest of the country.

It is bonkers that with technology such as google maps, GPS, mobile telephony and so on that the govt. is incapable or having more than 1 fiscal and monetary policy based upon location.

Actually it's pathetic. They're still living in the 17th century.

The problem is they are not. The technology you describe has centered influence and money on London not the other way around.

GDP Manchester £50 Billion GDP London £360 Billion. London is the 5th largest city in the world by GDP. You can move government offices to regions but utlimately the attrractiveness of a region is founded on many more factors, as for a two tier interest policy does paying say 4% or 8% on a loan make much difference to an entrepreneur from experience not much. You either have a market to go at or not.

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The problem is they are not. The technology you describe has centered influence and money on London not the other way around.

GDP Manchester £50 Billion GDP London £360 Billion. London is the 5th largest city in the world by GDP. You can move government offices to regions but utlimately the attrractiveness of a region is founded on many more factors, as for a two tier interest policy does paying say 4% or 8% on a loan make much difference to an entrepreneur from experience not much. You either have a market to go at or not.

Everyone works for the CB.

Which is why londons influence has grown since the CB was founded.

Once you get that the CB steals from everyone and then dumps the money back out by spending it on favoured schemes and scams, the economy might make some sense to you. Until then it'll be one liners and pish such as the above quote.

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The problem is they are not. The technology you describe has centered influence and money on London not the other way around.

GDP Manchester £50 Billion GDP London £360 Billion. London is the 5th largest city in the world by GDP. You can move government offices to regions but utlimately the attrractiveness of a region is founded on many more factors, as for a two tier interest policy does paying say 4% or 8% on a loan make much difference to an entrepreneur from experience not much. You either have a market to go at or not.

You mean the attractiveness of light regulation to well and truly fook over everyone?

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The problem is they are not. The technology you describe has centered influence and money on London not the other way around.

GDP Manchester £50 Billion GDP London £360 Billion. London is the 5th largest city in the world by GDP. You can move government offices to regions but utlimately the attrractiveness of a region is founded on many more factors, as for a two tier interest policy does paying say 4% or 8% on a loan make much difference to an entrepreneur from experience not much. You either have a market to go at or not.

What happens when you switch the vacuum off?

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You mean the attractiveness of light regulation to well and truly fook over everyone?

Not I don't actually it is so much more proasic than that. Some recent stats show that City of London generates something like 10-15% of the total revenues of London directly and you can add another 5 -10% I guess for support services.

But London is not as over whemingly unbalanced as you think. The truth is it is easy to do business in London, it is a central hub, not expensive to get around (you can be in and out of London from beyond the M25 for something like £11 if pick your time going in)

But the truth is there are a lot of chimneys and hence business going on. It really is the coffee house principle or pub or Regus serviced office or......Business especially B2B is conducted at least initially face to face and a location where you can do this easily, quickly and in volume will prosper. Home work/telecommuting etc is exactly that but it's not business development.

As for light regulation I wasn't aware that the IT regulations/Legal/media/ transport regulations were more stringent outside London. London didn't Fook anyone over a set of people did a very small minority who aren't representative of Londoner's as a whole. They also Fooked us over as well.

Edited by Greg Bowman

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What happens when you switch the vacuum off?

We will take our chances. I think you will find anyway in the case of some regions anyway it works more like a leaf blower.... ;)

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  • 276 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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