An Economic report of Manchester Essay

Employment PerformanceWhich sectors does Manchester outperform the UK. Education it outperforms the UK its the warrant largest metropolis In the UK its normal to expect it to spend more on education callable to its elevated population. Interestingly professional Scientific and skillful activities outperform the UK. A new economy has been put in perspective a smarterEconomy based on tertiary sectors moving a stylus from its manufacturing past. 2023 its estimating use in The above sector will rise around 130,000 for the great Manchester region. Accommodation and food service Activities outperforming the UK is expected also as its the help most visited city in England and third in the UK. Sectors which do poorly manufacturing once the cotton producing capital of the world now this persistence is all just now Extinct. Information and communication is behind the UK average this is impress as recently media city has been opened in Manchester ITV, BBC and SIS argon based there.Ma dchester TodayIts important not to underestimate the set cities music or sports scene has, many people would recognise Liverpool beforehand of a more economicalally significant city like Birmingham due to The Beatles. Manchester became the music capital of England in the 80s and continued onwards in the 90s. Manchester United is the most supported club in the world. Forbes lists it as the second most valuable club behind Real Madrid. The soul of the city based on sports with heavy music influences. One effect is the consider of young people who pauperization to live there. Young people want to live and study in a vibrant city Manchester University and MMU ar ranked 1 & 2 in fall of applicants for mark courses. There ar 3 universities with 87776 students making it one of the most touristed cities to study.Below you can see it has the 4th lowest house prices and 3rd highest wages in the UK. This makes it an incredible desirable location to live. In 2001 it was the twenty- first most vibrant city in the UK today it now number one making it the most vibrant city in the UK excel London. There is a large number of young residents, cheap lodgement and high wages helping organic growth.The location quotients show that the sectors with copulation high levels of employment atomic number 18 all mostly in high end sectors, or hotels and similar accommodation which bring in taxation to the local economy. The sectors all bring in wealth so this is a good sign for Manchesters growth for the future.North West controversyIts not just close two clubs, its about two cities, two unbelievable histories, two clubs that both think they are the biggest in the world, so there is a lot of ego at stake. Lee Sharpe.There is a huge rivalry from the two cities of Liverpool and Manchester. current day rivalry has been mostly seen on the football field but its not always been the case. Historically the two cities thrived in the industrial revolution. The rivalry was ignit ed when Manchester decided to build a ship canalize the largest in the world at that time. This meant Manchester no longer had to pay dues to Liverpool in order to use their port. Now the rivalry has died down as Manchester surpassed its economically and in neat terms many years ago.Unemployment graph to the adept shows how Liverpools unemployment has been higher in modern times. There has been a function of convergence in recession times but Manchester still leads the way economically.ConclusionFrom this report you can see how Manchesters economy evolved with technical advances. A thriving industrial city from the industrial revolution evolved inappropriate other industrial cities. It has a modern advanced economy it has mother the most important city in the North-West economically.The sectors which thrive are high end sectors which generate a lot of revenue as shown in the location quotients on the previous page. It has a rich biography musically and sporting, now it is the 2nd most visited city in England. This delegacy the tourist industry thrives bringing in revenue from the other regions or nations. This has helped ease the recessions damage, from 2010 GVA has been increasing annually from 2010.The cities soul appears to be music and sporting orientated, the doddery mills and print works have been redeveloped it still retains remnants of its old industrial past. This is a city which is improving year after year, whether it is economic growth or quality of life. The city has a high stock of living voted most vibrant city in the UK climbing 20 places in 12 years.