This briefing looks at the impact of lower oil prices on the North East’s economy. Whilst some labour market and economic data will be published by the Office for National Statistics (ONS) later in the year, some data is available now covering housing markets, Claimant Count figures, business start-ups, planning applications and hotel room occupancy. Taken together these provide an indication of what has been happening to the North East economy since crude oil prices started falling dramatically in September 2014.
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Published: 26 February 2016