Barnet's economy

The council has an interest in the economic wellbeing of Barnet residents and needs to know the local economy's main features and strengths.

The latest labour market data is available for both the borough and its wards on the government's NOMIS website.

The Barnet economy is characterised by:

  • A local economy made up mainly of small and medium-sized businesses;
  • Lower than average rates of unemployment for London and a higher than average rate of VAT registered businesses (though one that has been reducing to close to the London average over a number of years);
  • Residents with better than average qualifications earning higher than average wages and salaries - many in jobs in Westminster and the City;
  • A workforce that earns a little below the average for London;
  • Comparatively expensive accommodation relative to the earnings of its residents.

More analysis can be found in the attached document Barnet's Economy Help on Downloading PDFs (PDF 227KB). (external link)

Delegate Information Pack

Barnet is running a session on the 14th for invited delegates and this pack Help on Downloading PDFs (PDF 400kb) is intended to provide background information on the Barnet economy. It begins with some economic background and goes on to display the emerging evidence of the recession impacts on Barnet

The aim of the 14th July session is to better understand the impacts of the recession; work towards a shared approach to those issues and to discuss potential next steps

Please browse this pack and reflect on how information held by your organisation or team could add background or additional impacts to this picture.







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Contact

Business Intelligence
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