Manchester has the largest UK office market outside London. Greater Manchester represents over £42 billion of the UK GVA, the third largest of any English county and more than Wales or North East England.
Manchester is a focus for businesses which serve local, regional and international markets. It is one of the largest financial centres in Europe with more than 15,000 people employed in banking and finance and more than 60 banking institutions.The Co-operative Group, the world's largest consumer-owned business, is based in Manchester and is one of the city's biggest employers. Legal, accounting, management consultancy and other professional and technical services exist in Manchester.
Manchester's Central Business District is in the centre of the city, adjacent to Piccadilly, focused on Mosley Street, Deansgate, King Street and Piccadilly. Spinningfields is a £1.5 billion mixed-use development that is expanding the district west of Deansgate. The area is designed to hold office space, retail and catering facilities, and courts. Several high-profile tenants have moved in, and a Civil Justice Centre opened in October 2007.
Manchester is the commercial, educational and cultural focus for North West England, and is ranked as the fourth biggest retail area in the UK by sales. The city centre retail area contains shops from chain stores up to high-end boutiques such as Vivienne Westwood, Emporio Armani, DKNY, Harvey Nichols, Chanel and Hermès. The city has several shopping malls including the Manchester Arndale, the UK's largest inner city shopping mall. For many years most of the national newspapers had offices in Manchester: The Daily Telegraph, Daily Express, Daily Mail, The Daily Mirror, The Sun. Only The Daily Sport remains based in Manchester. At its height, 1,500 journalists were employed, though in the 1980s office closures began and today the "second Fleet Street" is no more. An attempt to launch a Northern daily newspaper, the North West Times, employing journalists made redundant by other titles, closed in 1988.[ Another attempt was made with the North West Enquirer, which hoped to provide a true "regional" newspaper for the North West, much in the same vein as the Yorkshire Post does for Yorkshire or The Northern Echo does for the North East; it folded in October 2006. There are several local lifestyle magazines, including YQ Magazine and Moving Manchester. Cotton once a centre of Mancunian jobs, had processing and trading continued to fall in peacetime post WW2, and the exchange closed in 1968. By 1963 the port of Manchester was the UK's third largest, and employed over 3,000 men, but the canal was unable to handle the increasingly large container ships. Traffic declined, and the port closed in 1982. Heavy industry suffered a downturn from the 1960s and was greatly reduced during the economic reforms associated with Margaret Thatcher's government (i.e. 1979 onwards). Manchester lost 150,000 jobs in manufacturing between 1961 and 1983. The United Kingdom Census 2001 showed a total resident population for Manchester of 392,819, a 9.2% decline from the 1991 census. Approximately 83,000 were aged under 16, 285,000 were aged 1674, and 25,000 aged 75 and over. 75.9% of Manchester's population claim they have been born in the UK, according to the 2001 UK Census. Inhabitants of Manchester are known as Mancunians or Mancs for short. Manchester reported the second-lowest proportion of the population in employment of any area in the UK. A primary reason cited for Manchester's high unemployment figure is the high proportion of the population who are students. Mid-year estimates for 2006 indicate that the population of the metropolitan borough of Manchester stood at 452,000 making Manchester the most populous city in North West England. Historically the population of Manchester only began to rapidly increase during the Victorian era and peaked at 766,311 in 1931. After the peak the population began to decrease rapidly, reasons cited for this are slum clearance and the increased building of social housing overspill estates by Manchester City Council after WWII such as Hattersley and Langley Manchester has a range of restaurants, bars, and clubs, spanning the famous "Curry Mile" in Rusholme to traditional grub. The Chinatown area of the city features many oriental foods. Modern bars and bistros line Deansgate Locks in the city centre. In addition to these there are many independent fast food retailers throughout Manchester. There are now many top class restaurants. In Life on Mars some people had jobs as police officers, and inm Coronationm Street some people have jobs in Shops, and pubs, and more places. Some have jobs in teh airport, and some canm see the airport from their home.
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