Swansea more evidence of the UK's two-tier economy, says new Centre for Cities report
Swansea more evidence of the UK's two-tier economy, says new Centre for Cities report | South Wales Evening Post:
Swansea lags behind many other cities economically, a report says today, with business start-up rates and worker productivity low. But new jobs are being created while the value of the coastline and hills are not measured.
A wide-ranging economic audit of Swansea has painted a mixed picture as the gap between the UK’s best and worst-performing cities, according to a report published today, accelerates quickly.
The Centre for Cities outlook has crunched a load of economic data on 64 cities — and also drawn wider conclusions by comparing that annual data since 2004.
Swansea, with its population of just over 240,000, came 60th out of 64 on the business start-up front in 2013, while worker productivity was a lowly 61st.
Average weekly wages in 2013 were £427 (or £22,204 per annum), which was 56th out of 64."
From South Wales Evening Post
Swansea lags behind many other cities economically, a report says today, with business start-up rates and worker productivity low. But new jobs are being created while the value of the coastline and hills are not measured.
A wide-ranging economic audit of Swansea has painted a mixed picture as the gap between the UK’s best and worst-performing cities, according to a report published today, accelerates quickly.
The Centre for Cities outlook has crunched a load of economic data on 64 cities — and also drawn wider conclusions by comparing that annual data since 2004.
Swansea, with its population of just over 240,000, came 60th out of 64 on the business start-up front in 2013, while worker productivity was a lowly 61st.
Average weekly wages in 2013 were £427 (or £22,204 per annum), which was 56th out of 64."
From South Wales Evening Post
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