Recovery or stagnation?: Britain’s older industrial towns since the recession

Abstract

Britain’s older industrial towns have long been known to face economic problems. However, in the aftermath of the recession triggered by the 2008 financial crisis, recorded unemployment in the towns has fallen to relatively low levels. This paper deploys labour market accounts to measure the contributions of changing levels of employment, population, national and international migration, commuting, and labour market participation to the pattern of change in the towns between 2010 to 2016. The paper also places older industrial towns in their regional context by comparing recent trends in the towns with those in the main regional cities, London, and the UK as a whole. The paper concludes that the reduction in recorded unemployment since 2010 paints an overly positive picture of labour market trends in Britain’s older industrial towns