North left cold.
North left cold.
- 1999
- Financial Times 13 September 1999, 12(1) .
Economists have warned that the Bank of England's decision to raise the interest rate could widen the north-south split. Unemployment is a major factor - in the Midlands, Wales and Scotland it has continued to rise steadily whilst in London and the south-east it has fallen. A rise in interest rates could cause unemployment to rise to 10.2% by 2002 in the north-east.
INTEREST RATES
NORTH SOUTH DIVIDE
MIDLANDS
WALES
SCOTLAND
NORTH EAST
SOUTH EAST
LONDON
Economists have warned that the Bank of England's decision to raise the interest rate could widen the north-south split. Unemployment is a major factor - in the Midlands, Wales and Scotland it has continued to rise steadily whilst in London and the south-east it has fallen. A rise in interest rates could cause unemployment to rise to 10.2% by 2002 in the north-east.
INTEREST RATES
NORTH SOUTH DIVIDE
MIDLANDS
WALES
SCOTLAND
NORTH EAST
SOUTH EAST
LONDON