#economic-decline

#economic-decline

UK construction activity fell sharply in July, reflecting the steepest decline since May 2020 due to collapsing housebuilding and broader economic challenges.

Official figures indicate that Britain's unemployment rate rose to 4.7% in the three months to May, a slight increase from 4.6% in April, while pay growth fell from 5.3% to 5%.

"With automotive manufacturing experiencing its toughest start to the year since 2009, urgent action is needed to boost domestic demand and our international competitiveness," he warned.

Small mining towns that thrived in the early 1900s have largely declined into disrepair, with some now transformed into tourist destinations that highlight their historical significance.

"I worked in one of those," he says. "I met people over the 1970s and 1980s whose lives depended on those workplaces and who assumed that that was going to be their life."

Flashy hotels and upmarket restaurants now dominate the center of Budapest, a city once better known for its shabby facades. New monuments have sprung up in the center of town too.

Mayor Ray Morriss announced a $20,000 incentive for 10 remote workers to move to Cumberland, as part of efforts to rejuvenate the declining city.