Land accounts for 51% of the UK’s total net worth of £10.2 trillion, far more than in France (42%) or Germany (26%). Most of this, £4.1 trillion, is the value of the land our homes are built on – the buildings are worth a further £1.8 trillion.
From 2009 to 2017, the Office for National Statistics reckons that land held by households has risen by a compound annual growth rate of 5.9%. But that disguises huge local differences. I compared the latest June 2018 data from the Land Registry’s House Price Index to that of a decade earlier, and found that in 42 of the UK’s 217 top-tier local authority areas house prices have actually fallen in cash terms over the decade. They are marked pink and red on this map.
Continue reading “The profit-loss divide on a decade’s house prices”
Labour was hoping that yesterday’s local elections would see it unseating the Conservatives in the London borough of Wandsworth, held by the Conservatives since 1978, along with perhaps Kensington and Chelsea and the City of Westminster. But the Conservatives have held all three.
For my data journalism e-book Britdata I worked out that one-tenth of the UK’s total gross value added economic output is generated in the workplaces in Scotland, Northern Ireland and Northumberland. The same proportion is generated by the workplaces of just five London council areas: Camden, City of London, Lambeth, Tower Hamlets and City of Westminster. Continue reading “Why ‘soak the rich’ might not be the way to win Wandsworth”
According to recently-released data from the ONS, there were 4.82 million more people in the UK on this date in 2016 than on 30 June 2006, an increase of 7.9%. Many cities and big towns are growing much faster, with Manchester, Coventry, Peterborough, Luton, Milton Keynes, Slough and Bournemouth all up by more than 15%.
But 22 top-tier council areas (unitaries or county councils) have actually seen a fall in population over that decade. With one exception, they fall into two groups. Some are badly-off remote rural areas including Cumbria, Na h-Eileanan Siar (the Western Isles) and Ceredigion in Wales. Others are badly-off urban and suburban areas in the north of England and Scotland including Blackpool, Knowsley and Sefton on Merseyside and several authorities around Glasgow – although not the City of Glasgow itself, which grew 8.2%.
Continue reading “Britain’s shrinking councils: Blackpool, Ceredigion… Kensington and Chelsea”
Black circles show relative populations of each metro mayor city region; turnout and party of winner shown by coloured circle (added when result available)
||New metro mayor
||Andy Street, Conservative
||Andy Burnham, Labour
|Liverpool City Region
||Steve Rotheram, Labour
|West of England
||Tim Bowles, Conservative
|Peterborough and Cambridgeshire
||James Palmer, Conservative
||Ben Houchen, Conservative
Average turnout adjusted by population: 27%
The results are in from the six metro mayor votes held yesterday, with results and turnout mapped above. But as noted in yesterday’s post and map, the six city regions have a combined population of 9.53m compared with Greater London’s 8.67m, with their combined economies producing just 57% of the capital’s output. Continue reading “For three metro mayors, it’s going to be all about the economy”
Relative economic outputs (coloured circles) and populations (black circles) of six metro mayor city regions, as well as Greater London
Today, people in six metropolitan areas with a total population of 9.53m are voting for new metro mayors, more than Greater London’s 8.67m. But despite the elections covering many of provincial England’s biggest and richest cities, their combined economies generate just 57% of London’s. Continue reading “Six new metro mayors’ economies worth just 57% of London’s”