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North-east of England 'least resilient to economic shocks'
There could be a danger of a new-age north-south divide should new public sector cuts affect certain areas of the UK, according to research from Experian released today (September 9th).
Experian reported that the health and wellbeing of a number of communities in specific parts of Great Britain could be affected if cuts to public services are carried out in equal measure.
While the West Midlands and much of the north-west was identified as susceptible, three north-eastern towns - Middlesbrough, Redcar and Hartlepool - were in the bottom ten.
Speaking to the Guardian, Bruno Rost from Experian said that other variables are significant in weighing up the damage the proposed cuts to jobs could create.
"There are also areas, such as Hartlepool and Wirral, which have low business resilience but average earnings, and where the drop in income may actually have a larger impact as a result," he added.
News of this possible future north-south divide follows a report from the Institute for Fiscal Studies that identified how economic changes proposed by George Osborne could make the poorest people in society even worse-off.
