UK holiday resorts under pressure
A report by the Trade Union Congress (TUC) has confirmed the worst fears of many in UK regarding traditional seaside resorts. In many places around the UK such as Bournemouth, Weston-super-Mare and Weymouth the rate of unemployment has doubled over the last year with more bad news expected in the short to medium term.
The TUC believes now is the time for the UK government to at worst maintain public-sector investment in these areas as the situation could get very much worse before it gets better. If the government take away a number of proposed regeneration programmes for many seaside resorts around the UK this will take away investment in the region, reduce visitor numbers and ultimately impact on the wider local economy. When you consider that areas such as Bournemouth have 4% unemployment, Southend 5.9%, Clacton on Sea 5.3% and Margate 5.2% this highlights the difficulties experienced in these areas.
Even though there has been something of a resurgence in the UK holiday market, a lack of forward investment in many regions, and the economic situation have put many resort back some years. If businesses are forced to close and visitor numbers continue to fall then ultimately there will be less attractions there for the future which will impact upon the local unemployment market for many years to come.
Share this..
Related stories
The Flexible Working Hours Double Edged Sword
While the government has been good to its promise and brought in a new law to give workers more flexibility in the hours which they work, there are many in the business sector that believe that this is an ill judged move with major implications. In basic terms the new laws will allow parents to work different hours to accommodate school time, etc and leave businesses to pick up the pieces. The...
Read MoreAlistair Darling fails to sparkle
Alistair Darling has come in for severe criticism in the press today regarding his handling of the UK budget and the way in which it was presented. He has even been accused of having a "boring attitude" when in reality there was not an awful lot for him to shout about bearing in mind the economic situation in the UK. Would voters have appreciated an upbeat sounding Alistair Darling giving the wors...
Read MoreCadbury shares in demand
Cadbury shares today rose by 6p to £7.93 ahead of a trading statement from the company which will be vital in its ability to fight off an ongoing takeover approach from Kraft Foods. This is a situation which has been ongoing for some time now and is set to come to a head over the next few weeks with Kraft Foods under pressure to either "put up or shut up" after a ruling by the takeover and merger...
Read MoreOPEC sees no reason for meeting
Despite the fact that US crude oil touched $82 a barrel last week OPEC has no plans to meet until the price hits at least $100 a barrel. There is renewed optimism in the energy markets because of an expected recovery in the US economy and the possibility of an increase in oil usage in the weeks and months ahead. However, the fact that OPEC has no plans to meet at the moment and would not even cons...
Read MoreBritish Chambers of Commerce see painful and prolonged UK slowdown
The British Chambers of Commerce (BCC) has today called for government assistance after suggesting that the downturn in the UK will be both painful and prolonged and may last longer than many people have forecast. Like many economic experts, the BCC is also of the belief that unemployment will reach almost 3,000,000 and there is a real need for a change in fiscal policy in the short to medium term...
Read More