Cities Outlook 2022, the annual health-check on the UK’s largest economies, has revealed that Britain’s biggest cities have lost almost a year’s worth of sales during the coronavirus pandemic, with lockdowns and a lack of visitors causing a collapse in consumer spending.
According to the report, published by thinktank Centre for Cities, Central London lost the equivalent of 47 weeks of sales between March 2020 and September 2021, due to the impact of the pandemic. Birmingham, Edinburgh and Cardiff almost lost almost a year of sales.
In comparison, Warrington has performed well, losing only 11 weeks of sales – more than four times less than London. This places Warrington as the second best performing of the UK’s 62 largest towns or cities, in terms of reduced high street spending.
Focusing on the retail and hospitality sectors, Cities Outlook 2022 has analysed spending between March 2020 and November 2021, compared with the average value for weekly transactions in 2019, before the crisis hit.
Warrington Borough Council’s Cabinet Member for Economic Development and Innovation, Cllr Tom Jennings, said: “Warrington has a strong, resilient business sector, which – along with a continued desire from our residents to spend local and support local businesses - has put us in a good position to weather the impact of the pandemic.
“This latest analysis from Centre for Cities shows that in comparison to other major towns and cities Warrington’s high street has continued to perform relatively well since 2020. This is good news for Warrington and can give us confidence as our town centre continues on the road to economic recovery.”
The Cities Outlook Report 2022, follows on from Centre for Cities ‘High Streets Recovery Tracker’ at the end of 2020, which placed Warrington 2nd in the UK for COVID high street spend recovery.