Home Business news UK regional growth gap to widen as London pulls further ahead

UK regional growth gap to widen as London pulls further ahead

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Despite levelling up efforts, EY data found the capital and south-east of England would benefit most from a return to growth

Fewer than 20% of levelling up projects finished in England

Britain’s sharp regional divide is on track to deepen with London’s economy pulling further ahead despite the government’s levelling up promises, according to a report.

Ahead of Chancellor Jeremy Hunt’s budget on Wednesday, the accountancy firm EY said it was forecasting stronger economic growth in London and the wider south-east of England than for the rest of the country.

Continue reading…Despite levelling up efforts, EY data found the capital and south-east of England would benefit most from a return to growthFewer than 20% of levelling up projects finished in EnglandBritain’s sharp regional divide is on track to deepen with London’s economy pulling further ahead despite the government’s levelling up promises, according to a report.Ahead of Chancellor Jeremy Hunt’s budget on Wednesday, the accountancy firm EY said it was forecasting stronger economic growth in London and the wider south-east of England than for the rest of the country. Continue reading…