What does a recession mean for Greater Manchester?
These headlines and statements this morning are enough in themselves to set alarm bells ringing, but what does a recession actually mean? And how is this set to impact Manchester moving forwards?
The Chancellor has made no bones about it: The UK is in for tough times.
These headlines and statements this morning are enough in themselves to set alarm bells ringing, but what does a recession actually mean? And how is this set to impact Manchester moving forwards?
What is a recession and how does it affect people?
The coronavirus pandemic has wreaked havoc on nations worldwide, causing the value of goods and services – widely known as a country’s Gross Domestic Product (GDP) – to plummet.
This has led to economies shrinking.
When shrinking occurs over two consecutive quarters (basically six months in a row), it is known as a recession.
The last recession was the 2007-08 global financial crisis, when GDP in Britain fell by over 6%.
However, the latest stats from the Office of National Statistics (ONS) show that GDP in 2020 has fallen by a whopping 20.4%.
Many big nations have also suffered, with Germany and US suffering large declines.
But the stats show that the UK is officially one of the worst-hit countries in the continent.
Manchester City Council Leader, Sir Richard Leese, has already said that “recovering from the impacts of the coronavirus period and getting the city back on a positive trajectory is the greatest challenge we have faced in our lifetimes.”
The cold hard facts are that many more people in Manchester will lose their jobs as a result of the UK being in a recession.
Finding a new job can also prove more challenging in this sort of economic climate. Companies are left facing increased costs, which may mean they are reluctant to hire.
Property values can also fall drastically.
However, this recession has long been anticipated. The council is putting a recovery plan in place – where ‘steps will be taken to support the city’s business base and help residents into employment while continuing to bring forward development and initiatives to stimulate the economy’.
Mr. Leese added: “We will be working closely with Manchester residents and businesses, as well as health services and other partner organisations including the voluntary and community sector, to keep this great city moving forwards. We want to ensure that nobody gets left behind and everybody can contribute to the recovery.”
The most recent UK recession more than 10 years ago lasted for over 12 months, but a lot will depend on how businesses can get back on their feet.
The expectations are that the economy will see significant improvement if a vaccine is found.
Whilst Chancellor Sunak spoke of ‘difficult choices’ having to be made over the coming months, he did offer a ray of optimism for the tricky path ahead.
“We will get through this,” he pledged.
“And I can assure people that nobody will be left without hope or opportunity.”
News
Major Co-op Live concert cancelled with fans already inside venue
Daisy Jackson
Major Co-op Live gig Jeff Lynne’s ELO has been cancelled this evening – after fans had already entered the venue.
Jeff Lynne’s ELO were set to perform the second of two nights at the huge Manchester venue tonight, as part of their final UK tour.
The Over and Out Tour should have been taking place on both the 9 and 10 July before heading to London’s BST Hyde Park Festival on Sunday.
But the show has been cancelled minutes before the legendary band were due to take to the stage.
Fans had already taken their seats inside the massive Co-op Live Arena when the news broke that the gig would not be able to take place ‘due to illness’.
77-year-old Jeff Lynne himself, who recently broke his hand in an accident, is said to be ‘devastated’ that he is unable to perform.
Jeff Lynne’s ELO has been cancelled at Co-op Live
A statement from the band said: “Unfortunately due to illness tonight’s (Thursday 10th July 2025) scheduled performance of Jeff Lynne’s ELO at the Co-Op Live will not be going ahead.
“Jeff is devastated he cannot perform this evening.
“More information will become available as soon as possible. For refunds please go to your point of purchase.”
According to fans, audiences inside Co-op Live were told the show was cancelled with just 45 minutes to go.
One person wrote: “The concert that never was. Cancelled with 45mins to go. Get well soon Jeff Lynne.”
Literally mins after this picture was taken Jeff Lynn cancelled 😞 @JeffLynnesELO Broke his hand a few days ago and has played the best he can and well done to you ! But then decides to cancel 2nd night n Manchester very last minute ! But it’s ok just ask for a refund !!! 😡 pic.twitter.com/wv1JfWPwk5
Andy Burnham reveals plans to build underground tram and train line in Manchester by 2050
Emily Sergeant
Andy Burnham has announced some ambitious long-term plans to build an underground tram and train line in Manchester.
As Greater Manchester sets its sights on a new era of economic growth, on the way to becoming a ‘second city’ to rival any other on the planet by 2050, Mayor Andy Burnham shared the city region’s blueprint for a ‘greener, fairer future’ this week – with underground transport plans being right the heart of it.
Mr Burnham says his vision for the next decade is to create a ‘thriving’ city region where everyone can ‘live a good life’.
Andy Burnham reveals plans to build an underground tram and train line in Manchester / Credit: TfGM
But it’s public transport where it seems some of the most significant changes are set to be made before 2050 arrives.
The Mayor revealed plans for new bus routes, tramlines, and train stations to connect ‘thriving communities’ across the city region with an integrated lower-cost transport system that’ll help more people get out and access new opportunities.
Construction of a tram stop to service new homes at Victoria North will also start by 2028, it has been confirmed, while work to bring Metrolink to Stockport – which has already been announced to huge support – will begin by 2030.
Two commuter rail lines will join the Bee Network next December as well, with another six joining by 2028.
GM is growing fast.
We will expand @BeeNetwork over the next decade to meet the needs of our bigger economy.
BUT
There’s a limit to what we can do on a congested surface.
It’s why I am asking TfGM to start planning for an underground for GM around a remodelled Piccadilly. pic.twitter.com/k2ozNWw6Wj
The headline-grabbing announcement, though, has to be that Mr Burnham has also announced plans to unlock ‘transformative’ investment in transport infrastructure, so that by 2050, Manchester Piccadilly has an underground tram and train station with a high-speed rail link to Liverpool.
He’s also looking to boost regeneration of the surrounding area, effectively making it ‘the Kings Cross of the North’.
“We’re the UK’s fastest growing economy and stand on the cusp of what I believe could be our best decade since the Victorian era,” commented Mayor Andy Burnham, “and our task for the next decade is to build a platform for success for all our residents.
“Our vision is ambitious, but in my eight years as Mayor, I’ve learned that, when we pull together, there’s nothing we can’t achieve.
“There’s a long and proud tradition of collaboration in Greater Manchester. Devolution has turbocharged that and now we’re ready to deliver a new model of growth where no one is left behind.”
The Manc -
12th August 2020 
