Financial News

  • 6 December 2013, 11:21

Conway's Console: The Recovery Where You Live

The recession is over and the recovery is under way.

Of course, that's welcome news - not just for the Chancellor but for the country as a whole.

But one of the most striking features of this recovery is that, all too often, the national story is quite, quite different to the local one.

Take house prices: they're rocketing in London but they are barely increasing (and sometimes actually falling) in many other parts of the country.

You can tell a similarly divergent story about wages, or the labour market, or indeed broader measures of economic output.

Now, I've tried to tell that story on Sky News whenever possible, but even more striking is when you have a chance to explore the real, divergent story of Britain's economic recovery yourself.

As a bit of a data geek, I try to look at as many different measures of how each region is doing - whether on housing affordability, earnings or jobs - but I've always been frustrated that there's no single place which puts them all together.

Well that's the precisely objective of the product we at Sky News have now created. For better or worse, it's called Conway's Console.

Open it up yourself and spend a moment checking it out.

You can look at how your region or local area of the UK compares with the national average on a whole range of different measures.

You can compare one area against another - for instance, just look at the enormous divergence between inner London and parts of the North East on a whole range of measures.

Or go to the "Heat Map" tab on the top left and see how the country looks in terms of house prices, housing affordability, wages or unemployment. See, for instance, which part has grown most in the most recent year. And no, it's not London.

The message I hope you'll get is that this economy, and the recovery, are far more complex and divergent than any single report of ours or others can express. And that divergence is greater in this economic recovery than any other for decades.

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