Regional Trends Report November 2019 – Midlands
APSCo and Vacancysoft
Perhaps more than most regions, politics is playing a key role in the economy of the Midlands. From the long-awaited HS2 project to the possibilities of the Midlands Engine Investment Fund, government initiatives designed to stimulate the region have resulted in billions of pounds worth of investment. Brexit in general is posing a lot of questions for the region. For instance: BMW has moved some of its engine production out of the West Midlands to Germany; Honda will shut its Swindon plant in 2021 resulting in up to 7,000 job losses, and JLR is also cutting jobs globally, with the majority of these set to be lost in the UK. Overall, the Midlands has fallen from making up 11.02% of all professional vacancies in 2018 to 9.86% this year.
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