The Economic and Social Research Council has produced a report on 'Recession Britain' which shows that because of the recession lasting a year and other factors real cuts in public spending is inevitable.
As I’ve probably mentioned before, young people seem to be particularly suffering which is very concerning for the long term. Also, although this has been called a ‘middle class’ recession it seems that, as before, those with low skills are suffering most. Based on evidence from previous recessions it can take up to 5 years for unemployment to fall back to pre-recession levels. Uncertainty and lack of investment seem to imply that recovery could be some way off.
If you've the stomach, you can read more at:
http://www.esrc.ac.uk/
You may have seen in the Herald this week that the City Council is looking to preserve Glasgow's reputation as a retail centre by promoting city centre developments such as the expansion at the St Enoch Centre and discouraging further out of town retail development. This is in light of the continuing decline in demand for city centre retail sites.
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On a lighter note here are a few facts related to the St Enoch Centre that you might not know:
- St Enoch was the mother of St Mungo, recognised as the founder of Glasgow. It has also been said that St Mungo was the great nephew of King Arthur (of Camelot fame).
- St Enoch Square was created in 1783 and originally used for grazing sheep. In 1876 the St Enoch Railway Station was opened followed three years later by the St Enoch Hotel (see photo) which was the largest hotel in Glasgow.
- The Teacher Building on St Enoch Square - you may have attended a conference there - was also built in the 1870s and remained the World HQ of Teachers Whisky until 1991.
- The entrance to St Enoch Subway station, now housing a Cafe Nero franchise, was built in 1896. When the station was demolished to make way for the Shopping Centre the rubble was used to fill in the former Queen's Dock in Stobcross, where the SECC is now.
- Work on the first phase of the St Enoch Shopping Centre began in 1986 to be completed by 1989.
Best wishes, Rob






