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Cambridge and Milton Keynes forecast to top growth list

London 2016, Black Cab and Phone Booth.

Cambridge and Milton Keynes are forecast to expand at a faster pace than London in 2016 as strong growth in advanced engineering and retailing ensures the two cities outperform the rest of the UK. London is expected to expand by 2.7% this year in gross value added (GVA) terms, which measures output through goods produced and services delivered. This compares with forecasts of 2.8% GVA growth in Milton Keynes and 2.9% in Cambridge, according to analysis of 40 UK cities by the Centre for Economics and Business Research and law firm Irwin Mitchell. Strong growth in the services sector and robust demand for advanced engineering, which has not suffered the same decline as heavy industry, also put the cities at an advantage, the CEBR said.

 

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