... A FORUM TO STIMULATE DEBATE ... ... JUST ADD A COMMENT AT ANY ENTRY BELOW... ... FOR THE SUSTAINABLE DEVELOPMENT OF TOWN AND VALLEY ...

Saturday 28 January 2017

Brexit: and the dropping of public confidence in the job market for the South West

Bristol voted to remain - and its MPs are not happy with the PM's current stance:
Bristol MPs warn the Prime Minister: Working people will 'pay the price' of a hard Brexit | Bristol Post

Now in the light of a climb in unemployment in the area, further disquiet is being expressed:


Number of benefits claimants in South West up nine per cent since Brexit vote

By Neil_Shaw  |  Posted: January 26, 2017


The latest figures from the Office of National Statistics offer glum reading for the South West of England as benefit claimant rates have risen by 9% since the Brexit referendum vote in June 2016.
Public confidence in the job market for the South West of England appears to be dropping as a result of the Brexit referendum vote as benefit claimant rates are rising.
The South West region voted to leave the European Union by 53% to 47%.
Newly released employment figures for the South West of England between June and December 2016 suggest that the public are losing confidence in the job market following the historic decision to leave the European Union.
The percentage of people claiming unemployment benefits has risen by 9% in the South West of England, suggesting that the public are finding it difficult to succeed in the job market as the uncertainty of Brexit looms.
South West MPs have recently condemned Theresa May's plan to leave the single market during her Brexit speech. Ms McCarthy and Ms Debbonaire labelled the approach, "one of self-harm, not statesmanship" and went on to state, "Businesses large and small in our constituencies would suffer, jobs would be lost and prices in the shops would rise."
The coming months will be key for the prosperity of the job market in the South West, as the Government outline their 'hard' Brexit strategy.


Number of benefits claimants in South West up nine per cent since Brexit vote | Exeter Express and Echo

With comment from the East Devon Watch blog:


But worry not! Our Local Enterprise Partnership, charged with ever-increasing growth, will no doubt have a plan – probably involving Hinkley C!


“Number of benefits claimants in South West up nine per cent since Brexit vote” | East Devon Watch

Although it's difficult to say how employment really is doing: Are we seeing a 'trend'?

South West employment high despite 6,000 losing jobs | West Country - ITV News (October)
Unemployment falls to 10-year low post-Brexit despite Treasury’s ‘Project Fear’ warning quitting EU would cost 500,000 jobs - The Sun (November)
Brexit latest: Jobs market stagnates in three months to October | The Independent (December)
.
.
.

No comments: