ECONOMIC GROWTH

History matters for city economies

Government investment in the drivers of urban economic success, makes a difference to people and places over many decades, says Alexandra Jones.

Bournemouth residents probably don't relish the £360,000 average price tag for their houses. But it might interest them to know they would have paid, relatively, more in 1901 when Bournemouth – not London – was the most expensive place in the country to buy property.

The finding is just one of many from Centre for Cities' latest research, Cities outlook 1901, the first comprehensive analysis of city economies in 1901.

Alexandra Jones

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