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East Anglia has been one of the few areas in the UK which has seen a jobs boom in the last couple of decades, says ...
East Anglia has been one of the few areas in the UK which has seen a jobs boom in the last couple of decades, says an article in the Financial Times (p10).

Even though the rate of growth of population in East Anglia has been approximately three times the national average, the demand for labour has generally exceeded the supply.

A report from the Institute of Employment Research at Warwick University points out that in spite of accounting for less than 4% of national output and employment, East Anglia accounted for 14% of national employment growth over the last two decades, and the report forecasts a similar growth during the next ten years.

But the economic development officer for Cambridgeshire CC qualifies that conclusion, writes the FT:

'We believe the local economy will pick up and grow but perhaps at a more sustainable growth rate. There was a period in the mid-1980s when there was an explosion of activity with substantial increases in property prices and wages in the Cambridge area,' he says.

The development of a cluster of high-tech manufacturing companies in the Cambridge area was one of the more dramatic aspects of the region's development.

'When I am promoting the region I whet the appetite by talking about Cambridge, its university and the high-tech manufacturing businesses,' says Mr Mills.

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