London’s Poverty Profile

The latest report London’s Poverty Profile 2011, conducted by the New Policy Institute for the Trust for London, has just been released. It says that housing costs are changing the character of  London and are a critical factor in explaining why London has the highest poverty rates of all England’s regions.

London’s Poverty Profile: Key Facts

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Retail Sales – September 2011

A bit of positive news.

  • Headline: Value of retail sales in September 2011 showed an increase of 5.4 per cent compared with September 2010.
  • Headline: Sales volumes in September 2011 increased by 0.6 per cent compared to September 2010.
  • Non-store retailing and automotive fuel both saw sales volumes increase compared to September 2010 by 15.5 and 2.8 respectively.
  • Textile, clothing and footwear sales volumes fell 2.1 per cent compared to September 2010, the largest fall since April 2008.
  • Non-seasonally adjusted year-on-year sales volumes in large and small stores increase by 0.2 and 2.1 per cent respectively.

Retail Sales – September 2011

I wanna go to Chelsea

Life expectancy for men in Kensington and Chelsea is nearly six years more than for men in Brent (although the gap narrows a bit if I make it to 65).

Key points:

  • Life expectancy was highest in Kensington and Chelsea and lowest in Glasgow City in each period between 2004–06 and 2008–10
  • On average life expectancy at birth in local areas improved by 1.2 years for males and 1.0 year for females
  • At age 65 the average increase in local areas was 1.0 year for men and 0.9 years for women
  • The gap between the local areas with the highest and lowest life expectancies increased between 2004–06 and 2008–10
  • At birth the gap increased from 12.5 to 13.5 years for males and from 10.1 to 11.8 years for females

Life expectancy at birth and at age 65 by local areas in the United Kingdom, 2004–06 to 2008–10

Small business confidence collapses

Not very promising.

“More companies are now pessimistic about their prospects than bullish and intend to sack staff in an attempt to reduce costs and save cash”

The Centre for Economic and Business Research (CEBR) polled around 1,600 members of the Federation of Small Businesses mid last month and  registered the largest increase in firms expecting to lay off staff since the survey began in the first quarter of 2010.

Read all about it here in The Telegraph

Business population estimates for the UK and regions 2011

This publication provides an estimate of the total number of private sector businesses in the UK at the start of each year, with their associated employment and turnover. Further information is provided by number of employees, legal status, industry and geography.

  • There were an estimated 4.5 million private sector businesses in the UK at the start of 2011, an increase of 94,000 (2.1 per cent) since the start of 2010.
  • These businesses employed an estimated 23.4 million people, and had an estimated combined annual turnover of £3,100 billion.
  • Almost two thirds (62.4 per cent) of private sector businesses were sole proprietorships, 27.7 per cent were companies and 9.8 per cent were partnerships.
  • Small and medium-sized enterprises (SME)  accounted for 99.9 per cent of all enterprises, 58.8 per cent of private sector employment and 48.8 per cent of private sector turnover.

Business population estimates for the UK and regions 2011

Producer Price Index – September 2011

  • In the year to September 2011 the output price index for home sales of manufactured products rose 6.3 per cent.
  • Between August and September the output index for home sales of manufactured products rose 0.3 per cent.
  • In the year to September 2011 the output price index excluding food, beverages, tobacco & petroleum rose 3.8 per cent.
  • In the year to September 2011 the total input price index rose by 17.5 per cent.
  • Between August and September the total input price index rose 1.7 per cent.

Producer Price Index – September 2011