Post on 02-Aug-2015
State of the City: 2010Challenges for the local
economy22.06.10
I agree with Dave... for the moment!
UK Government debt
£bn
Year
£1.4 trillion
Population
253,8002007/08 source ONS
Popularity and sex!
+3,600
+3,3002,600
Manchester, Leeds, Bristol
The Workforce
142,800economically active people
Local economy
About a
thirdAbout a
fifth
About a
third About a
tenth
1,600
Hospitality [hotels, restaurants, retail]
30,0
00
Tourism could prosper in 2010
£/Euro minus27%
100,000 Foreign students
Retail Casualties
Retail sales - %age change on previous year
June July Aug Sept Oct Nov Dec Jan Feb Mar Apl May
-2
-1
0
1
2
3
4
5
6
7
Brighton
National
Average earnings – slowing down
Year
%
ch
an
ge
Housing recovery – how long?
Year – red line
Year – blue line
Pri
ce a
t re
cess
ion
sta
rt
= 1
00
VAT
20% from Jan 2011
Public Sector
25%
cut over
4 years
41,00
0
Council finances
£45m cut over 3 years
£8m 2011/12; savings gap
£5m 2012/13 ; savings gap
Business & financial services
42,00
0
Creative Industries
15,00
0
Gaming is big business
“Brighton has the potential to compete on a global scale with the world’s key gaming centres like Tokyo and Montreal” Editor. Develop Magazine
$55bnby 2012
4.7m copies£186m
The next, next big thing?
E learning
Barrier to growth - dated office stock
International House. Conway Street. Hove
Shelved, delayed or stalled
Ice Arena. Black Rock
Outer Harbour. Marina
Brighton Eye 360. West PierInner Harbour. Marina
?
Refurbishment
New England House. New England St Queensbury House. Queens Rd
American Express
335,000 sq feet / 31,000 sq metres
Land... they’re not making it any more
Top 10 sites = 150 hectares
Olympic site - 200 hectares
Earnings/worker [£/week : median]
B&H East Sussex
West Sussex
400420440460480500520540560580600
Res-idents
UK
SE
SE
Productivity/head
UK SE
B&H
Ports
mou
th
S'ham
pton
Brist
ol10 000
12 000
14 000
16 000
18 000
20 000
22 000
24 000
£
Current unemployment
6,800
27,910
B&H 3.9%
UK 3.9%
SE 2.8%
ES 3.4%
WS 2.7%
Source NOMIS: May 2010
To put that into perspective
More jobs needed
8,000
16,000
Good news....... private sector jobs
20,100between 1998 and 2008
Source: Centre for Cities
Housing costs Q1. 2010
£168,000
£182,700 in 2007
£38,776 salary
£53,400 in 2007
£42,000
Workforce Skills
41%
36%
35%
34%
28%
Degree level
UK 29%SE 31%
21%
Transport
and the Future . . . . .
Consumer spending
Government Spending
InvestmentNet exports
The 4 elements of GDP
The End.......but I hope not literally!
Site complications
NVQ 2+
UK 64.5%SE 68%
73%
75%
73%
76%
65%
45%
Office space
Telecom HouseAnston House
149 Preston Rd
153 Preston RdInternational Hse
Montefiore Hse
468,000 m2