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Economists pinpoint UK local authorities in greatest need of support post-Covid-19 – new research

Academics at the University of Nottingham partnered with Experian, Fable Data and Huq to source data from consumer and company credit files, transaction-level data on consumer spending and geolocation. These granular data sources allow the researchers to track, at the local authority level, consumer and business financial distress; measures of how much people travel; and consumer spending.


Growth figures don’t tell us what we really need to know about economy

Of more potential use is research from the likes of University of Nottingham professor John Gathergood and his colleagues using real time credit card spending figures from data firm Fable, giving a more recent picture of where the spending is happening.  The authors rightly point out that with such surgical data on spending available – the Fable data is available with a one-day lag – the opportunity is there for the Government to offer surgical support with policies such as business rates relief.

Market Insights

Mapping and addressing COVID-19 regional inequalities using real-time spending data

A recent UK government aim is to address such disparities through policies to 'level-up' the regions that historically have experienced less benefits arising from globalisation and national economic growth. This is a particular pertinent issue for the UK, which is among the most geographically unequal developed economies. In our research, we use granular, real-time data on consumer spending to measure the uneven 2020 recession and recovery across UK regions. 


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