Yorkshire & Humberside

  • Regional unemployment the second highest in the UK and concerns continue over Yorkshire & The Humber’s overlapping Local Enterprise Partnerships

    July, 2019
    Unemployment in Yorkshire & The Humber was almost unchanged at 136,000 between March and May, a slight increase of 0.1% to 5.0%. At 2.6% and 5.6% the SW of England and the North East had the lowest and highest unemployment rates in the country. The UK unemployment rate stands at 3.8%. Yorkshire & The Humber’s average property prices increased by 0.4% to £162,520 during the month which uplifted the annual growth rate to 1.9%. In comparison, UK prices increased by 0.1% to £229,431 during May 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, Communities and Local Government considers the population of an...