New research commissioned by the BBC identifies areas of England most vulnerable to economic shocks such as business failures and job losses.
In order of vulnerability, areas least resilient to economic turbulence are Middlesbrough, Mansfield, Stoke-on-Trent, Sandwell, Kingston upon Hull, Redcar & Cleveland, Barrow-in-Furness, Ashfield, Hartlepool, Walsall, Burnley, South Tyneside and North East Lincolnshire.
The research, conducted by Experian and commissioned by BBC English Regions, comes just weeks before the coalition Government unveils its Comprehensive Spending Review and provides one of the most comprehensive insights into the current state of the English economy.
The research, which assesses the economic resilience of every local authority area in England, includes over 30 separate measures and has been independently assessed and validated by statistical experts. The research looks at the ability of each local authority area to withstand and respond to economic shocks such as public sector job losses and business insolvencies.
In order to provide a complete view of local and regional resilience, Experian compiled a national ranking which gathered data across four key themes covering: Business, People, Place and the Community. Each of these themes sought to address the following questions:
Bruno Rost, from Experian, explains: "Whilst business strength and economic growth are important factors, consideration of other, wider aspects of local resilience gives a greater understanding of the ability of an area to bounce back.
"In areas such as Broxstowe and North Kesteven, the resilience of People, Place and Community is far higher than their business resilience. Conversely areas such as Islington and Tower Hamlets have relatively high business resilience compared to their people, place and community scores. In both cases these disparities will have a direct impact on the area's ability to maximise its potential.
"It is perhaps unsurprising that some of the least resilient areas in business terms are also those areas with lowest average earnings. However there are also areas, such as Hartlepool and Wirral, which have low business resilience but average earnings and where the drop in income may actually have a larger impact as a result."
Controller of BBC English Regions, David Holdsworth, said: "This information provides our audience with an economic MOT, helping them understand how strong their local areas are. This research and analysis suggests that there are areas much better placed than others to withstand the impact of public sector cuts, and other economic events.
"The study takes into account a wide range of factors to help build a complete picture in advance of the Spending Review in October. Tonight's debates, our local radio phone ins and our BBC local online sites will all be adding to this analysis by looking at some of the options."
Spending Review: The Local Debates will be shown across England on BBC One 9 September at 10.35pm (50 mins). BBC Local Radio stations will be debating these findings at 9am on Friday 10 September.
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