Wealth in Great Britain

Wealth in Great Britain: Main results, 2008/10 (Part One)

  • Total net property wealth for all private household in Great Britain dropped by over £131 billion (3.7 per cent) between 2006/08 and 2008/10 to £3,375 billion
  • Based on households’ perceived valuations, there was a 3.1 per cent fall in the mean gross value of all property owned by households between 2006/08 and 2008/10
  • There was a 3.3 per cent fall in mean gross value of main residence and a 7.4 per cent fall in the mean for other property
  • The largest decline in mean net property wealth for home owners was seen in households that were ‘Couples with dependent children’, decreasing by 12.4 per cent, compared to the average fall of 4.6 per cent seen for all property owning households
  • The mean net property wealth for property owning households in the regions of the North East, Wales and the North West showed the largest decrease, declining by 8.8, 8.7 and 8.6 respectively.
  • Total household physical wealth rose by £51 billion to £1,012 billion for all households in Great Britain, almost four-fifths of which was the value of the contents of a households’ main residence
  • The mean value of total household physical wealth increased by 4.7 per cent between wave 1 (2006/08) and wave 2 (2008/10)
  • The mean value of household contents increased between waves from £30,300 in 2006/08 to £32,300 in 2008/10
  • The mean value of household physical wealth increased in all regions of Great Britain apart from the North East

UK retail sales for November 2011

Retail sales – November 2011

  • Value of retail sales in November 2011 showed an increase of 4.6 per cent compared with November 2010.
  • Sales volumes in November 2011 increased by 0.7 per cent compared to November 2010.
  • Sales volumes in November 2011 decreased by 0.4 per cent compared to October 2011
  • Value of retail sales in November 2011 showed a decrease of 0.1 per cent compared with October 2011

Retail sales in detail November 2011

Reaction on the BBC

  • The British Retail Consortium said the figures were “miserable”. Stephen Robertson, director-general of the British Retail Consortium, said the data showed that November was “a very trying month”.


Labour market statistics: December 2011

Labour market statistics: December 2011

For August to October 2011:

  • The unemployment rate was 8.3 per cent of the economically active population, up 0.4 on the quarter.
  • There were 2.64 million unemployed people, up 128,000 on the quarter.
  • The unemployment rate is the highest since 1996 and the number of unemployed people is the highest since 1994.
  • The employment rate for those aged from 16 to 64 was 70.3 per cent, down 0.2 on the quarter.
  • There were 29.11 million people in employment aged 16 and over, down 63,000 on the quarter.
  • The number of people employed in the public sector fell by 67,000 on the quarter to reach 5.99 million. The number of people employed in the private sector rose by 5,000 on the quarter to reach 23.12 million

GDP per capita in 2010

GDP per capita in the Member States

GDP per capita in the Member States ranged from 44% to 271% of the EU27 average in 2010

  • In 2010, the Gross Domestic Product (GDP) per capita in Luxembourg was more than two and a half times the EU27 average
  • The Netherlands recorded a level one third above the average.
  • Ireland, Denmark, Austria and Sweden were between 20% and 30% above the EU27 average
  • Belgium, Germany and Finland were between 15% and 20% above average
  • The United Kingdom and France registered GDP per capita around 10% above the EU27 average
  • Italy, Spain and Cyprus were around the average

Understanding High Street Performance

Understanding High Street Performance

This one from BIS we need to look at alongside the Portas Review: it addresses some of the issues I had with her report on my first reading. But it will take a while to get through it all.

It is “a review of the available research and analysis of the drivers and barriers which impact on the economic and social performance of high streets, in order to provide an independent and robust evidence base….It is also intended to be a key input to the Independent Review of the High Street led by Mary Portas.”