Blog: End of furlough and Brexit to cost London 150,000 jobs –

The picture is much brighter elsewhere in the country, however, with Solihull and Warrington the biggest beneficiaries of lifestyle shifts in the wake of Covid-19.

By the end of 2021 the two towns will be growing at an annual pace of 7.7pc, the study of the UK’s 50 biggest towns and cities estimates.

Leafy Solihull will grow faster than its bigger neighbour Birmingham as “instead of commuting every weekday, many residents will work from home and engage in activity in the local area, even once the pandemic is over”, the report claims.

Local MP Julian Knight said the study was a “huge vote of confidence”, adding: “We know that growth spreads from Solihull to more deprived areas, creating a halo effect, and this is why I think it is a mistake if the Government only focuses on so-called ‘red wall’ areas.”

Warrington, sitting between Manchester and Liverpool in the North-West, is expected to benefit from similar trends.

Josie Dent, the CEBR’s managing economist, said: “The impacts of the pandemic have not been equal across the country. Cities with large hospitality and entertainment industries have been hit hard by forced closures amid lockdowns and could face additional difficulties with the end of the furlough scheme in September.

“Meanwhile, the UK leaving the EU has caused further disruption in 2021, with London being particularly badly affected due to the city’s large services sector which is not covered by the trade deal signed in December.”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s