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York is City Most Reliant on London-Based Firms

York

3:05pm 27th January 2014

York is the city most-reliant on London-based firms for jobs in the UK with more than one in five people employed in the private sector working for a company which has it's headquarters in the capital.

The Centre for Cities report says that 22.4% of private sector workers are working for a London-based firm. The highest proportion of any city in the UK apart from the capital itself. In comparison, fewer than one in forty people are employed by a firm which has it's headquarters in Leeds.

But Susie Cawood from the York & North Yorkshire Chamber of Commerce says it's not the case that York is a "Little London".

 
Other findings from the report were:

  • York has the 5th lowest number of people claiming Job Seekers' Allowance at 1.6%
  • York has the 7th lowest private sector employment growth in the UK
  • York has the 7th highest percentage of people with high qualifications in the UK
  • York has the 6th lowest level of inequality in the UK
  • York has the 9th worst connection rates for superfast broadband of UK cities.
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