Prices for farm land reached all time highs in the first half of 2011 due to strong demand but the availability of land is slowing down the pace of growth according to the farm land survey results from the RICS. The demand is mainly due to commercial farmers being keen to expand production. Residential farmers demand didn't change much over the same period.
The 'transaction' based measure increased by 6% to £7,479/acre and the 'opinion' based measure increased by 5% to £6,115/acre. The growth rate has slowed down since H2 2010 but both measures are at all time highs.
Surveyors are suggesting that the farm land market is experiencing the same sort of subdued activity seen in the broader housing market. Commercial farmers however want to capitalise on higher commodity prices and therefore expand production.
Bare farmland prices increased in most regions but the strongest price increases were in the North East where prices were up by 14% and the East Midlands were they were up 10%. At the end of 2011 the most expensive land was in the North West where prices reached £6,938/acre, the cheapest was Scotland at £3,813/acre.
Showing posts with label Scotland. Show all posts
Showing posts with label Scotland. Show all posts
Thursday, 29 March 2012
Tuesday, 4 October 2011
Business Survey Estimates Fall In Number Of Jobs
The Business Register and Employment Survey estimates that for September 2010 there were 26.8m employees, down 134,000 on 2009. Tha largest fall among the countries of the UK was in Scotland at 73,000.
The region with the most employees was London with 4.1m (15.3% of UK employees) next came the South East with 3.7m (13.8%). London also had the highest proportion of full-time employees at 74.1%. Other regions had less than 70%. The regions with the lowest number of employees were Northern Ireland with 705,000 (2.6%) and the North East with 999,000 (3.7%) with over a third part-time.
In the UK as a whole, there were 18.1m full-time and 8.7m part-time employees. The health sector continued to have the largest number of employees with 3.6m. The industry with the lowest number of employees was agriculture, forestry and fishing with 214,000 (0.8%). Construction employment decreased the most down 118,000 employees. Mining, quarrying and utilities had the largest proportion of full-time workers at 93.3%. The retail sector had the largest proportion of part-time workers at 57.2%. Business administration and support services grew by 62,000.
The region with the most employees was London with 4.1m (15.3% of UK employees) next came the South East with 3.7m (13.8%). London also had the highest proportion of full-time employees at 74.1%. Other regions had less than 70%. The regions with the lowest number of employees were Northern Ireland with 705,000 (2.6%) and the North East with 999,000 (3.7%) with over a third part-time.
In the UK as a whole, there were 18.1m full-time and 8.7m part-time employees. The health sector continued to have the largest number of employees with 3.6m. The industry with the lowest number of employees was agriculture, forestry and fishing with 214,000 (0.8%). Construction employment decreased the most down 118,000 employees. Mining, quarrying and utilities had the largest proportion of full-time workers at 93.3%. The retail sector had the largest proportion of part-time workers at 57.2%. Business administration and support services grew by 62,000.
Tuesday, 31 May 2011
An Increase In The Number Of UK Businesses
The estimated number of private sector business in the UK at the start of 2010 increased by 48,000 to 4.5m according to statistics from the Department for Business, Innovation and Skills. They employed an estimated 22.5m people and had a combined annual turnover of £3,200bn. SMEs accounted for 99.9% of all enterprises, 59.1% of private sector employment and 48.6% of turnover. Two thirds, 64.2%, of private sector businesses were sole proprietorships, 27.6% were companies and 8.2% were partnerships.
The largest sector in terms of numbers of enterprises was construction with 899,000 businesses, professional, scientific and technical came next with 602,000. There were 146,000 enterprises in agriculture, forestry and fishing, 498,000 in wholesale, retail trade, repair and 291,000 in human health and social work activities.
The South East had the most private sector enterprises with 732,000, followed by London with 706,000. The East of England came third with 474,000. The North East had the least number of enterprises with 122,000. Next bottom was the East Midlands with 306,000. Scotland had 288,000, Wales 192,000 and N. Ireland 121,000.
The largest sector in terms of numbers of enterprises was construction with 899,000 businesses, professional, scientific and technical came next with 602,000. There were 146,000 enterprises in agriculture, forestry and fishing, 498,000 in wholesale, retail trade, repair and 291,000 in human health and social work activities.
The South East had the most private sector enterprises with 732,000, followed by London with 706,000. The East of England came third with 474,000. The North East had the least number of enterprises with 122,000. Next bottom was the East Midlands with 306,000. Scotland had 288,000, Wales 192,000 and N. Ireland 121,000.
Thursday, 5 May 2011
Decrease In Trade Union Membership In 2010
Trade union membership fell slightly in 2010 compared with 2009. Membership density fell 0.8% to 26.6% and membership fell by 179,000 or 2.7% to 6.5m. During this time employment actually increased by almost 0.5% between 2009 and 2010. Density in the private sector fell by 0.9% and by 0.3% in the public sector acording to statistics from the Labout Force Survey and published by the Department for Business, Innovation and Skills and the ONS.
The professional occupations reported the largest percentage of union density with 43.7%. Sales occupations were lowest with 12.9%. Females are now more likely to be union members than males whether by age, public sector, workplace size, job or other individual characteristics.
Geographically, density rose in Scotland by 0.5% to 32.3% but the other nations recorded falls of 0.9% in England and Wales and 4.2% in N.Ireland. The trend over the last 10 years shows that trade union density has fallen by about 3% in England, Scotland and N.Ireland and by about 5% in Wales. The North East recorded the largest fall in trade union density of 7.4% over the last 10 years. The East of England recorded the smallest fall of 1%. The last 10 years has also seen an increase in union density in the professional and administrative services, wholesale, retail trade and motor repair sectors but fell in the other sectors. Water supply, electricity and gas recorded the biggest falls of over 15% each.
Trade union presence reached 46.1% in 2010, a fall of 0.5% on 2009 and 2.8% over the last 10 years (2010). Collective agreements affected the pay and conditions of over 30% of employees from 36.4% in 2000. They covered 16.8% of private sector employees and 64.5% of public sector employees. The public sector accounted for 62.4% of union members, professional, associated professional and technical occupations accounted for 45.5% of all trade union members.
The professional occupations reported the largest percentage of union density with 43.7%. Sales occupations were lowest with 12.9%. Females are now more likely to be union members than males whether by age, public sector, workplace size, job or other individual characteristics.
Geographically, density rose in Scotland by 0.5% to 32.3% but the other nations recorded falls of 0.9% in England and Wales and 4.2% in N.Ireland. The trend over the last 10 years shows that trade union density has fallen by about 3% in England, Scotland and N.Ireland and by about 5% in Wales. The North East recorded the largest fall in trade union density of 7.4% over the last 10 years. The East of England recorded the smallest fall of 1%. The last 10 years has also seen an increase in union density in the professional and administrative services, wholesale, retail trade and motor repair sectors but fell in the other sectors. Water supply, electricity and gas recorded the biggest falls of over 15% each.
Trade union presence reached 46.1% in 2010, a fall of 0.5% on 2009 and 2.8% over the last 10 years (2010). Collective agreements affected the pay and conditions of over 30% of employees from 36.4% in 2000. They covered 16.8% of private sector employees and 64.5% of public sector employees. The public sector accounted for 62.4% of union members, professional, associated professional and technical occupations accounted for 45.5% of all trade union members.
Monday, 13 December 2010
GVA Fall In All Regions 2009
Gross Value Added (GVA) GVA and GVA per head fell in all regions of the UK in 2009 due to the impact of the recession. There was still a wide variation in the extent of the effect. The East of England had the biggest fall. Scotland had the smallest decline. London had the highest share of GVA in the UK with 21.5% and the South East was next with 14.3%. The North East had the lowest share in England with 3.3%. England had 85.8% of GVA and N. Ireland 2.3% (of the 12 NUTS1 Levels).
At the level of the 37 NUTS2 sub-regions, the top five included Inner London and North East Scotland the bottom five included West Wales and the Valleys, Cornwall and the Isles of Scilly, Lincolnshire and Tees Valley and Durham. London had the biggest share of GVA per head with £60,686 the lowest was West Wales and the Valleys with £12,860. GVA per head increased in all NUTS2 sub-regions in 2008.
Breaking the statistics down to the 133 NUTS3 local areas level the top area was Inner London West the bottom area the Isle of Anglesey. The City of Edinburgh was second highest and then Inner London East.
At the level of the 37 NUTS2 sub-regions, the top five included Inner London and North East Scotland the bottom five included West Wales and the Valleys, Cornwall and the Isles of Scilly, Lincolnshire and Tees Valley and Durham. London had the biggest share of GVA per head with £60,686 the lowest was West Wales and the Valleys with £12,860. GVA per head increased in all NUTS2 sub-regions in 2008.
Breaking the statistics down to the 133 NUTS3 local areas level the top area was Inner London West the bottom area the Isle of Anglesey. The City of Edinburgh was second highest and then Inner London East.
Wednesday, 13 October 2010
House Prices Higher Than August Last Year
House prices in the UK were 8.3% up on August last year and 0.7% up on last month according to the DCLG. The average price of a house in the UK in August was £213,116. Prices in creased in England, Wales and Scotland but fell in N.Ireland. First time buyers were paying 8.2% more than last year and former owners were paying 8.3% more. New property prices were 8.6% more and pre-owned property was 8.3% higher than August last year.
Wednesday, 16 June 2010
House Prices Up 10.1% On Last Year
The House Price Index (HPI) from the Department for Communities and Local Government (DCLG) for April 2010 went up by 10.1% between April 2009 and April 2010 and 0.4% on March. The average house price was £207,516 in April 2010 and the all dwellings index was 174.4.
Annual average house prices in England went up 10.9%, in Scotland 2.2% and in Wales 11.3% but N.Ireland house prices fell by 8.9%. First time buyers paid 12.2% more than a year ago. Average prices for former owner/occupiers were 9.3% higher. New properties were 7.6% more than last year and pre-owned houses were up 10.3%.
House prices rose in all regions of the UK except Yorkshire and Humber where prices fell 0.5%. East Midlands saw the biggest increase with a rise in prices of 2.7%. Over the year to April all regions have seen an increase in house prices. The largest increases were in London where there were price rises of 16.8%.
The average price for a house in England in April was £214,863, in Scotland £162,392, in Wales £151,079 and in N.Ireland £163,201. The English region with the highest average house price was London. The North East was the lowest with £139,595. The regions with an average house price above the national average were the East of England, London, the South East and the South West.
Annual average house prices in England went up 10.9%, in Scotland 2.2% and in Wales 11.3% but N.Ireland house prices fell by 8.9%. First time buyers paid 12.2% more than a year ago. Average prices for former owner/occupiers were 9.3% higher. New properties were 7.6% more than last year and pre-owned houses were up 10.3%.
House prices rose in all regions of the UK except Yorkshire and Humber where prices fell 0.5%. East Midlands saw the biggest increase with a rise in prices of 2.7%. Over the year to April all regions have seen an increase in house prices. The largest increases were in London where there were price rises of 16.8%.
The average price for a house in England in April was £214,863, in Scotland £162,392, in Wales £151,079 and in N.Ireland £163,201. The English region with the highest average house price was London. The North East was the lowest with £139,595. The regions with an average house price above the national average were the East of England, London, the South East and the South West.
Thursday, 10 December 2009
Decrease In Regional Trade Q3 2009
The value of UK exports for the year to September 2009 was down £22,183 or 9% to £223,800m compared to the year to September last year. The value of exports from England, Wales and N.Ireland fell by 8.4%, 8.3% and 8.4% respectively. Only Scotland saw an increase, of 3.4%, in Q3 2009. Within England the South East had the largest total value of exports with £37,849m and the smallest total was in the North East with exports of £9,423m. The number of UK exporters fell by 5.5% to 48,454. The largest decrease was in London with 7.5% to 8,154. No regions reported an increase in the number of exporters.
Imports also decreased for the year to September by £33,450m to £306,791m, or 9.8%. Imports fell in England, Wales and N.Ireland by 10.3%, 7.2% and 1.9% respectively and again only Scotland saw an increase, of 5.1%, in Q3 2009. The South East had the largest value of imports with £66,320m and the smallest total was in the North East with imports of £7,073m. The North East also saw the biggest percentage change with 24.9%. The East Midlands saw the smallest change with £15,489m. The number of importers decreased by 8.6% to 70,630 for Q3 2009. The largest percentage decrease was in London with 10.9% to 13,458. No regions reported an increase in the number of importers (HMRC - Regional Trade Statistics).
Imports also decreased for the year to September by £33,450m to £306,791m, or 9.8%. Imports fell in England, Wales and N.Ireland by 10.3%, 7.2% and 1.9% respectively and again only Scotland saw an increase, of 5.1%, in Q3 2009. The South East had the largest value of imports with £66,320m and the smallest total was in the North East with imports of £7,073m. The North East also saw the biggest percentage change with 24.9%. The East Midlands saw the smallest change with £15,489m. The number of importers decreased by 8.6% to 70,630 for Q3 2009. The largest percentage decrease was in London with 10.9% to 13,458. No regions reported an increase in the number of importers (HMRC - Regional Trade Statistics).
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