Product Preston and Unemployment Rate

city: It said the city was better to live in than London on the index, which attempts to assess the quality of life in cities across Britain beyond traditional economic measures such as gross domestic product, according to The Guardian. Preston has experienced a large reduction in its unemployment rate, down to 3.1% last year compared with 6.5% in 2014, while it has also seen improvements above the national average for health, transport, the work-life balance of its residents, and for the skills among both the youth and adult populations. Research carried out by the accountancy firm Pricewaterhouse Coopers and the thinktank Demos, which used a range of measures including employment, workers' pay, house prices, transport, the environment, work-life-balance and inequality to rank 42 UK cities, found that Preston had improved the most in its 2018 Good Growth for Cities index. The city in recent years has gained national attention for the way its Labour-run council has adopted an ultra-localist approach to economic policy. Although this predated the election of Jeremy Corbyn as Labour leader, the lessons from the city have become central to the party's economic thinking. In an attempt to revitalise the local economy following the last recession, it attempted to encourage anchor institutions such as the council, police, colleges and the university to buy the goods and services they need from local businesses wherever possible. (news.financializer.com). As reported in the news.