Chancellors are proud to be market leaders in Oxford, and so we’re delighted that Oxford has recently been named the best city to live and work in the UK!
The annual Good Growth for Cities Index report, released by professional services giants PwC, measures ‘economic wellbeing’ and has ranked Oxford top – for the fourth year in a row – and also saw Reading, come in second in the listings.
Growth for Cities measures the performance of the UK’s largest cities against 10 indicators that the public think are most important when it comes to economic wellbeing.
Developed by PwC and the think tank Demos in the aftermath of the financial crisis, the Index, is a response to the sense that we need to look beyond GDP headlines to measure economic success.
Chancellors Associate Director Oxfordshire, Ed Allen, commented:
“We’re delighted to see Oxford being recognised in this report. It’s a great city, surrounded by beautiful towns, villages and countryside. We’ve seen a growth in demand from people looking to move to the area to take advantage of everything the city has to offer, from great jobs and education to entertainment and strong communities.”
South East Performs Strongly
Seven out of nine cities in the South East score above the UK average, with Oxford, Reading and Southampton ranking first, second and third respectively in the reports national index.
Strong performance was highlighted in three key variables:
- Income, where all cities in the region score above average.
- Health, where all cities perform above average, apart from Brighton which performs at the national average.
- Environment and new businesses per head where all cities in the South East score above the UK average, apart from Norwich which is below average.
The Index also noted that factors like jobs, income, skills and health are the most important factors in the eyes of the public, alongside housing, transport, income distribution, work-life balance, business start-ups and the environment. Oxford’s no one status was achieved through good performance across all these factors and, in particular, a strong improvement in work-life balance, transport and skills.
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