Disposable income in 11 towns and cities has risen twice as fast as rest of UK
AI Summary
A recent Centre for Cities report reveals that disposable incomes in eleven UK towns and cities, including Warrington, Barnsley, and Wakefield, grew at twice the rate of the national urban average between 2013 and 2023. These top-performing areas saw a 5.2% increase in disposable income, compared to 2.4% for other urban areas. The report attributes this success to a focus on building strong local business bases and attracting higher-skilled jobs in "tradeable" industries. The thinktank argues that government efforts should prioritize economic growth policies over short-term cost-of-living measures. Barnsley, for example, leveraged its location to become a logistics hub, adding thousands of private service jobs through strategic land development and targeted interventions.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories