Britain’s coastal towns hit hardest by recessions
New research out this week shows the recession has hit many areas in Britain hard, with costal towns in particular suffering very badly.
Hull has been worst hit with 26.6 bankruptcies per 10,000 adults, with Poole and Plymouth not far behind. Experts are saying the drop in tourism and poor weather this summer are two of the main factors which have contributed to this. The decline in shipbuilding and fishing has also taken a negative toll on many towns who rely on these as their main incomes. (more…)