Research from uSwitch.com has found that the recession is hitting towns across the UK with growing unemployment, falling property prices, and rising council tax. Swindon in Wiltshire has been the hardest hit as unemployment soars 197 per cent while house prices fell 16 per cent and the number of people collecting jobseeker’s allowance rose from just under 2,000 to more than 5,700 in two years. Brent in west London was the most ‘recession-proof’ area, with a 12 per cent increase in earnings, and below-average increase in jobseeker’s allowance claims.
Tagged: benefits, council tax, credit crisis, house market, house price, recession, regional, regions