Business Services

North-South gap to double in a decade

A report by the Centre for Economics and Business Research has predicted that Britain's North-South divide will grow significantly over the next decade. According to the report, the economic gap between London and the North of England will rise by 94% to £110bn over the next 10 years. While London is expected to grow 27% in real terms in the next decade to just under £450bn at 2012 prices, there will be a combined growth rate of just 14% across the North West, North East and Yorkshire and the Humber. The CEBR said this would leave output in those regions more than £110bn lower than London's in 2025. The report showed that Cambridge was the fastest growing UK city in Q2 2015, followed by Milton Keynes and London.


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