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The collapse happened in the towns and villages around the cities - usually the ones that relied on mining. But it was softened by the UK's safety net, which made it possible for some people to stay unemployed for a long time - often with a sideline in the black economy - and not lose their homes.

So prices are lower than the UK average, but there was no crash to rock bottom, and the population outflow was more of a trickle than a panicked or forced exodus.

It was still socially devastating at the time, though.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue May 17th, 2011 at 11:55:09 AM EST
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