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The Bottom Line

Sound of the suburbs

The Bottom Line

BBC

Personal Journals, Business, Society & Culture

4.6615 Ratings

🗓️ 10 June 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

For years the suburbs have been seen as places to live, from which you can commute to a big city to work. But has the pandemic pushed the economic pendulum in the other direction? With more people working from home and cities becoming quieter, could this lead to a revival of the suburban economy? Evan Davis explores the national picture and hears from entrepreneurs in Denton, Greater Manchester, who have helped revive its struggling town centre, encouraging people to spend money locally.

Guests

John Spencer, Chief Executive of BizSpace Yael Selfin, Chief Economist of KPMG in the UK

Producer: Lesley McAlpine

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, Podcasts.

0:05.2

Hello and welcome to the programme.

0:08.0

Suburbia, where the suburbs met Utopia, a line from the Pet Shop Boys,

0:12.5

singing in their unique, dry, gentle irony some years ago.

0:16.4

Yes, suburbs have taken knocks and sneers.

0:19.2

They've been sometimes more, sometimes less fashionable over

0:22.4

the years, but they've mostly been seen as places to live from which you can commute to a big

0:27.6

city to work. But has the pandemic given new economic life to suburbs, to commuter towns,

0:34.2

to the outer ring of the cities? Places no longer just for living but working to.

0:39.4

We're going to ask if there's evidence of rebalancing in favour of suburbs,

0:43.9

given that it feels rather as though there is.

0:47.0

I would love to invest more in this town because it really is an up-and-coming store

0:51.2

and you hear a lot of other towns doing it.

0:53.8

But this one has actually

0:55.9

blown me away in such a short space of time, the way how many local independent businesses

1:00.6

have flocked here. If the pandemic has changed things, this could be an important redrawing of

1:05.4

the economic map of the country because for a while now, economists have been thinking

1:10.0

of big cities as the vehicle for

1:12.6

delivering the work of advanced economies, the knowledge economy, the creative economy,

1:17.4

the ideopolis, as it has been called, the hubs where you work, with spokes where you go and

1:23.7

sleep. The economist model is built on the argument that if you cluster people together,

1:29.3

you create a massive furnace of innovation. Agglomeration is the buzzword, the idea that

...

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