UK | Has the pandemic ‘levelled up’ or ‘levelled down’ the UK?
High-frequency data on numbers of employees and median pay suggest that the Covid-19 pandemic has not made the ‘north-south divide’ wider. Our short term employment forecasts reinforce that. But in terms of broader metrics such as personal financial hardship, the levelling-up challenge has probably got harder.
What you will learn from this report:
- Local areas with big increases in employee numbers between February 2020 and August 2021 are most likely to be found in the North West and Northern Ireland.
- In contrast, London dominates the list of local districts with the weakest employment performance, as measured by the tax office PAYE measure of employee numbers.
- Our forecasts also show northern regions mostly achieving stronger employment performance between 2019 and 2022 than southern.
Tags:
Related Services
Post
Food prices to bottom out in 2024, risks skewed to upside
Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.
Find Out MorePost
Battery raw material prices to recover
Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.
Find Out More