Debate House Prices


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Spending cuts will slash house prices in these towns

Most Public Sector employment

Local authority area Percentage of workforce employed in the public sector
Oxford
46%
Denbighshire
45%
Cambridge
43%
Middlesbrough
43%
Hastings
43%
Ceredigion
42%
Canterbury
40%
Stafford
40%
West Dorset
40%
Merthyr Tydfill
39%
Sefton
39%
Liverpool
39%
Greenwich
39%
Taunton Deane
39%
Lewisham
39%
Swansea
38%
Eastbourne
38%
Newcastle Upon Tyne
38%
Blackpool
37%
Gwynedd
37%

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«1

Comments

  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Least

    Local authority area Percentage of workforce employed in the public sector
    City of London
    4%
    Crawley
    12%
    Corby
    13%
    North Warwickshire
    14%
    Broxbourne
    14%
    NW Leicester
    14%
    Bracknell Forest
    14%
    Hillingdon
    15%
    Tamworth
    15%
    Three Rivers
    16%
    South Holland
    16%
    Harborough
    16%
    Slough
    16%
    Thurrock
    17%
    Hertsmere
    17%
    Tower Hamlets
    17%
    Trafford
    17%
    Woking
    17%
    Flintshire
    17%
    Hounslow
    17%
  • setmefree2 wrote: »
    Most Public Sector employment

    Local authority area Percentage of workforce employed in the public sector
    Oxford
    46%
    Denbighshire
    45%
    Cambridge
    43%
    Middlesbrough
    43%
    Hastings
    43%
    Ceredigion
    42%
    Canterbury
    40%
    Stafford
    40%
    West Dorset
    40%
    Merthyr Tydfill
    39%
    Sefton
    39%
    Liverpool
    39%
    Greenwich
    39%
    Taunton Deane
    39%
    Lewisham
    39%
    Swansea
    38%
    Eastbourne
    38%
    Newcastle Upon Tyne
    38%
    Blackpool
    37%
    Gwynedd
    37%

    Some of those areas are already in poverty such as areas in wales like gwynedd, denbighshire, merthyr
  • setmefree2 wrote: »
    Corby
    13%

    Listening to the radio the other day and this place is apparently donald ducked for the lack of public sector investment though?
    Set your goals high, and don't stop till you get there.
    Bo Jackson
  • ILW
    ILW Posts: 18,333 Forumite
    setmefree2 wrote: »
    Most Public Sector employment

    Local authority area Percentage of workforce employed in the public sector
    Oxford
    46%
    Denbighshire
    45%
    Cambridge
    43%
    Middlesbrough
    43%
    Hastings
    43%
    Ceredigion
    42%
    Canterbury
    40%
    Stafford
    40%
    West Dorset
    40%
    Merthyr Tydfill
    39%
    Sefton
    39%
    Liverpool
    39%
    Greenwich
    39%
    Taunton Deane
    39%
    Lewisham
    39%
    Swansea
    38%
    Eastbourne
    38%
    Newcastle Upon Tyne
    38%
    Blackpool
    37%
    Gwynedd
    37%


    Surprising to see Greenwich and Lewisham in the list, both very close to central London.
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Some of those areas are already in poverty such as areas in wales like gwynedd, denbighshire, merthyr

    That's tough :(
  • Jowo_2
    Jowo_2 Posts: 8,308 Forumite
    I really can't see property prices collapsing in the parts of London cited, such as Greenwich, as a hop on the tube or bus widens new job opportunities by a considerable degree whereas other places have much higher rates of unemployment. House prices are influenced by supply and demand - the population in London will continue to increase and put pressure on the demand.
  • Radiantsoul
    Radiantsoul Posts: 2,096 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Surprised to see Oxford so high on that list.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Surprised to see Oxford so high on that list.
    Cambridge is only a couple below. Something to do with Unis perhaps? Lecturers etc as part of the public sector workforce too?

    However they are also the most desirable unis in the country and should feel the impact of any cuts less, as they are the ones with the best endowments and able to charge world class fees for world class study. Oxford already said earlier in this year (April) that it could absorb some cuts as it could use income from its research.

    So it will be interesting to see how these two locations fare over the space of the next year or so compared to others with perhaps fewer public sector employees but less of a legacy/greater % of cuts to public employees.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • mark5
    mark5 Posts: 1,364 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I notice Swansea is in there but then none of the towns in the surrounding areas to Swansea are mentioned?

    I think those figures are based on the fact that all the public sector jobs in that town are done by ppl living in the immediate area.

    Take the DVLA in Swansea I bet for every person working there and living in Swansea there will be another person working there and travelling in from another town.
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