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Thread: The Recession Map Of England

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    Default The Recession Map Of England

    Workers in London and the South East will bear the brunt of the recession, a hard-hitting report warned today.

    Almost two in five of jobs lost will be in the two regions which have been the engine room of the British economy over the past decade, according to Town Hall chiefs.
    But the renaissance of Northern cities such as Liverpool and Manchester, devastated during the industrial decline of the Eighties, means they are best placed to weather the economic storm.
    These areas have also benefitted from the relative boom in public sector jobs, whilst the South East jobs markets is largely dominated by private sector workers.

    Construction and manufacturing will be the hardest hit during the financial crisis with an estimated 705,000 jobs going.





    But employment in shops, restaurants and hotels could also drop by a similar level before the UK's economy recovers.
    Business leaders added to the gloom by warning that the looming recession would be 'deeper and longer' than predicted - lasting until almost 2010.
    The Confederation of British Industry's (CBI) downbeat assessment came as the British Chambers of Commerce (BCC) said 3.25million - 1 in 10 workers - could end up on the dole if Gordon Brown's bid to kick-start the stuttering economy fails.
    Unemployment currently stands at 1.83million - the highest level since Labour came to power.

    In the most in-depth study of the potential geographical hardship caused by the credit crunch, In the most in-depth study of the potential geographical hardship caused by the credit crunch, the Local Government Association published a region-by-region map of expected job losses in the next two years.

    Council chiefs fear 1.7million jobs will be lost by the end of 2010 through redundancies and firms not filling vacancies.
    Some 370,000 jobs are at risk in London with a further 280,000 under threat in the South East - a total of 650,000, or almost 40 per cent.
    Labour's industrial heartlands fare better with the North West forecast to lose 230,000 jobs, the West Midlands shedding 180,000 and Yorkshire and Humberside down 170,000. The East Midlands could lose 130,000 jobs and 70,000 are on the line in the North East.
    The LGA report - called From Recession To Recovery: The Local Dimension - predicts construction and manufacturing will be the hardest hit during a recession, while high-skilled industries such as biotechnology will 'remain relatively unscathed'.
    The body - which represents nearly 500 local authorities - urged the Prime Minister to give councils more freedom to take economic decisions so 'local solutions can be found to local problems'.
    LGA chairman Coun Margaret Eaton said: 'Any loss of jobs has huge human cost with their own stories behind it.
    'The tough times ahead will hit people throughout Britain. The response must be swift and effective if it is to protect people from the worst effects of an economic slowdown and make rapid progress towards recovery.
    'It is clear that a national, one-size-fits-all approach to dealing with the recession simply isn't going to work.
    'The fastest way to get out of recession is for more decisions about the economy to be taken at the local level, which means councils continuing to work with local people and businesses.'
    The research looked at how each area of the country would be affected differently by the recession if no action was taken.
    John Philpott, the chief economist at the Chartered Institute for Personnel and Development, said: 'This is not about redundancies at factories with smoky chimneys.
    'The hardest-hit areas this time will be once-affluent suburbs and towns where service-sector jobs will go. The south and east of England will bear the brunt.'
    Meanwhile, the CBI predicted the recession would run for almost all of 2009. Growth would be hit by the dramatic fall in confidence sparked by the recent financial turmoil.
    Deputy-director John Cridland said business leaders had thought the downturn would be 'short and shallow', but added: 'The recession here in the UK looks to be deeper and longer lasting than we predicted only two months ago.'
    A further report by Capital Economics warned that 665,000 service sector jobs would go during the recession, including 530,000 in shops, restaurants and hotels and 135,000 in administration and business services. The financial sector will shed 90,000, including thousands in banking.
    Construction will lose 485,000 jobs, manufacturing will axe 220,000 and 100,000 public sector employees could be given P45s, according to economists.

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