tag:blogger.com,1999:blog-8986344565389634695.post3391789341278280446..comments2023-11-05T04:05:27.483-08:00Comments on Blood and Property: Hole in Council's economic analysis - Mayor in the EconomistUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8986344565389634695.post-23612837051514422652011-07-29T14:04:57.307-07:002011-07-29T14:04:57.307-07:00Hi Jed, I didn't mean to keep up the long paus...Hi Jed, I didn't mean to keep up the long pause tradition here. The original article was written in July 2010, you commented again in January 2011 and I'm getting back to you in July 2011 - sorry I simply didn't see it. Anyway, I'm about to have a look for the LEA - I'm imagining it must be complete now?<br />If not, the bits you've highlighted are still interesting considering Jules Pipe's comments to the Economist last week: <br /><br />http://www.economist.com/node/18988726<br /><br />Look forward to hearing from you when its snowing...Blood and Propertyhttps://www.blogger.com/profile/11938733379301047398noreply@blogger.comtag:blogger.com,1999:blog-8986344565389634695.post-83536157760595646372011-01-01T04:56:05.922-08:002011-01-01T04:56:05.922-08:00This comment has been removed by the author.Jed Keenanhttps://www.blogger.com/profile/04547036263257314614noreply@blogger.comtag:blogger.com,1999:blog-8986344565389634695.post-53961199081006859282011-01-01T04:55:20.680-08:002011-01-01T04:55:20.680-08:00This comment has been removed by the author.Jed Keenanhttps://www.blogger.com/profile/04547036263257314614noreply@blogger.comtag:blogger.com,1999:blog-8986344565389634695.post-88776485718344088732011-01-01T04:54:08.682-08:002011-01-01T04:54:08.682-08:00Economy and Opportunity
LBH Local Economic Assess...Economy and Opportunity <br />LBH Local Economic Assessment <br />Headlines<br /><br />Briefing note by Shawnee Keck (Policy and Performance Team) for CSSI Scrutiny Commission on Monday 10 January 2011<br />http://mginternet.hackney.gov.uk/mgConvert2PDF.aspx?ID=12132<br /><br />1. Demographic Change and Hackney’s Labour Market<br />‘Outcomes in the social housing sector remain the same as a decade ago’.<br /> <br />‘Polarity still exists and is more acute’<br />‘Our employment rate, qualifications and occupations levels have soared, but only within the new population. With the growth of this new population, polarity is also increasing rapidly.’<br /><br />‘Approximately 20% of the borough lives on incomes of £15,000 or less. The average annual income for the poorest 10% of the population is £7,266 ... for the richest 10% it is £79,775. Benefit levels have barely changed and the rise in qualifications is indigenous in only Level 2s or A Levels. We have an estimated 14,000 residents affected by housing and welfare reforms in the next 3-5 years.’<br /><br />‘33,000 residents, 23% of the population, are on unemployment benefits, with the majority on Incapacity Benefit. The unemployment rate, JSA and IB numbers have not changed over the past decade’<br />‘Social housing based worklessness interventions are not reaching the same population that is claiming unemployment benefits.’<br />‘Programme evaluations show that Hackney’s worklessness programmes have not reduced unemployment’<br /><br />2. Business and Enterprise<br />‘The residential economy is a key growth area made of food and beverage, retail, personal services and private housing firms.’<br /><br />3. Growth, Development and Opportunity<br />‘Hackney has the 2nd largest economy in East London and the lowest share of employment and businesses in the Central Activity Zone/City Fringe.’<br />‘We are a unique economy with very marketable attributes that need careful consideration’<br />‘The City Fringe [within Hackney] only purchases 1.4% of its products from Hackney. More potential opportunity can be found in business-to-business sales within the Borough than external sales to City firms.’<br /><br />‘The residential economy in Hackney is growing rapidly ... Our town centres are poised to meet this demand, not for visitors, but for people who live here. Almost 2/3 of visitors to Dalston are Hackney residents and 50% of residents responded that they purchase groceries and necessities within the borough. The 20,000+ new households need somewhere to shop and these businesses create local jobs. Ignoring the potential of the residential economy will reduce the desirability of the new town centres and economic activity zones’<br />[The local economy is so incompetently governed, for example no Chamber of Commerce and no commercial and charitable goods and services directory, that 50% of residents responded that they purchase groceries and necessities outside the Borough!]<br /><br />4. Economic Policy Changes and Horizon Scanning<br />‘Future economic development funding will be transferred to incentive based schemes encouraging local private sector growth’<br /><br />5. Recommendations<br />‘Support the residential economy. Business development based on the needs of residents will fill a long hidden need of basic products to live on. Helping businesses to thrive and serve our new and existing residents is guaranteed growth and will compliment the progress we have made turning Hackney into a vibrant place where people choose to shop and do business.’Jed Keenanhttps://www.blogger.com/profile/04547036263257314614noreply@blogger.comtag:blogger.com,1999:blog-8986344565389634695.post-88416727937818042362011-01-01T04:53:21.137-08:002011-01-01T04:53:21.137-08:00Happy New Year B&P.
The Hackney LBC Local Eco...Happy New Year B&P.<br /><br />The Hackney LBC Local Economic Assessment is now partially available for public inspection as an agenda item titled Briefing on Local Economic Assessment, at the 10 January meeting of the Council's CSSI Scrutiny Commission and even this abridged version makes amazing reading.<br /><br />http://mginternet.hackney.gov.uk/ieListDocuments.aspx?CId=122&MId=1230<br /><br />It is especially candid about the effectiveness of the Council's interventions to reduce worklessness and the ongoing increase in levels of inequality in Hackney.<br />On a positive note it also identifies the localisation of the economy as the only game in town and mentions transferring all future economic development funding away from such activities as 'attracting inward investment' to 'schemes encouraging local private sector growth’.<br /><br />No sign on the corporate website or the Central Library or Town Hall of the full Assessment but I have emailed Representatives and Officers about making this available at the earliest opportunity for public scrutiny. Anyway here are my particular 'headlines' and [comments]:Jed Keenanhttps://www.blogger.com/profile/04547036263257314614noreply@blogger.com