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Economy of Sheffield



After many years of decline, the Sheffield economy is going through a strong revival. The 2004 Barclays Bank Financial Planning study revealed that, in 2003, the Sheffield district of Hallam was the highest ranking area outside London for overall wealth, the proportion of people earning over £60,000 a year standing at almost 12%. A survey by Knight Frank revealed that Sheffield was the fastest-growing city outside London for office and residential space and rents during the second half of 2004. This can be seen by the current surge of redevelopments, including the City Lofts Tower and
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