South East

  • The second lowest unemployment rate in the UK, two local industrial strategies rolled out and electric Minis in Cowley

    July, 2019
    Unemployment in the South East of England decreased by 21,000 to 134,000 between March and May, the decrease of 0.4% to 2.8% meant that the region had the second lowest rate 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%. The South East of England’s average property price increased by 0.9% to £323,745 during the month which uplifted the annual growth rate to 0.6%. In comparison, UK prices increased by 0.1% to £229,431 during May which reduced the annual growth rate to 1.2%. Buckinghamshire has become one of the first regions to agree a local industrial strategy with the government. The 73 page document was developed by the Buckinghamshire LEP in collaboration with businesses and was signed off by Business Secretary, Greg Clark. The strategy included; a long-term investment plan for Westcott Space Cluster to develop new research and development facilities, a new Screen Industries Global Growth Hub at Pinewood Studios to provide support to creative businesses, using Silverstone Park and technology cluster to stimulate high tech cross-overs, focusing on digital health, med-tech and advanced artificial intelligence. Also Oxfordshire agreed...