From the latest news from the New Economics Foundation:
NEF in the news, August 2018 | New Economics Foundation
Are seaside towns like Morecambe getting left behind?
Channel 5 News used our research on insolvencies and startups in coastal communities in their coverage of declining seaside towns. Watch
This summer, seaside towns and villages across the UK have never looked better, as hundreds of thousands flock to the coast to enjoy the benefits of being by the sea. But while it all looks good on the surface, for many of the people who actually live there, life is far from a picture postcard. Figures obtained exclusively by 5 News show that insolvencies are nearly 30% higher in coastal areas, and there is also 46% fewer start-ups than in inland areas. And wage packets are smaller too – recent figures suggest annual earnings are more than £3,500 less than those living elsewhere.
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