Monday, January 18, 2010

Gulf between rich and poor cities widens

A tale of two types of city

All cities are suffering in the present recession. But some are suffering more than others: Hull, Barnsley, Stoke-on-Trent, Burnley, Newport and Doncaster have seen a drastic jump in unemployment and a deep decline in business activity. Yet other places, among them, Brighton, Milton Keynes, Reading, Cambridge and Edinburgh have weathered the downturn significantly better and seems well placed to benefit from an economic recovery. There is a trend of uneven economic development in Britain that was discernible long before this savage recession struck. Those cities hit hardest were already suffering before the downturn took hold. They had shed private sector jobs through the years of strong growth, relying disproportionately on the public sector for employment.

Posted by drewster @ 02:40 AM (1292 views)
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4 thoughts on “Gulf between rich and poor cities widens

  • Many of the retail chains that have gone bankrupt were already on shaky ground before the recession too.

    I always wonder that MG Rover’s biggest mistake was going bust at the wrong time – had they been able to cling on another couple more years they might have received bailout money!

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  • 1. paul

    The Rover heads were not interested in the companies long term survival and walked away with a nice little earner from the measly sum they payed for Rover. Check the history of unbelievable decision making and half hearted and detrimental remodeling. Dropping the Honda engine and failing to address silly electrical glitches finally did it for me.

    SHAME, but for some, a fast buck is a fast buck.

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  • Just a symptom of British society as a whole – polarisation of opportunities and rewards has been de facto Government policy for thirty years. The shift away from direct to indirect taxation, has been a major contributory factor in allowing newly available chattering class cash to chase (and inflate the price of) a finite pool of assets. For me, the epiphany was, Tony Blair saying (quote)…..it’s difficult – have you seen the prices of houses in London? At that point it became clear housing, and other resources were at the whim of the ‘markets’ – nothing to do with Government.
    We can pay lip service to the notion of equality of opportunity…..but when it comes down to it, we’ll all pay more for less in the housing market – if it means ‘our’ kids go to a better school.
    Similarly,- would you prefer to live in Hull or Cambridge, Stoke or Brighton?
    Let’s face it , it suits our class based mindset—-the idea of equality was always Utopian, and died even as a notion in ’79.
    Sad but true.

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  • Oh dear.

    Perhaps the Moron’s strategy of creating a captive vote in large areas of the north through full employment through the public sector isn’t working after all.

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