North West

  • North West house prices and unemployment increase the most in Britain, Lancashire has the worst performing Enterprise Zone and depopulation concerns along the West Cumbrian coast

    July, 2019
    Unemployment in the North West increased by 9,000 to 150,000 between February and April, the uplift of 0.3% to 4.1% was the biggest in the UK. At 2.6% the South West of England had the lowest rate and at 5.6% the North East had the highest rate in the country. The UK unemployment rate stands at 3.8%. North West average property prices increased by 0.8% to £164,261 during the month which uplifted the annual growth rate to 3.4% - the highest in Britain. In comparison, UK prices increased by 0.1% to £229,431 during April which reduced the annual growth rate to 1.2%. In its review this month of the 38 Local Enterprise Partnerships (LEPs) - the private sector-led partnerships between businesses and local public sector bodies that support local economic growth - the Public Accounts Committee of the House of Commons found that from 2015-16 to date; £9.1bn of taxpayers’ money has been awarded to LEPs through three tranches of Growth Deals. The north of England, with 11 LEPs, has received most of the funding at £3.4bn (38%), the East of England, with three LEPs, has received the least with £703m, and London, with one LEP, has received £435m. The Ministry of Housing,...