Posted 3/4/2024, 12:01:27 AM
London and South East to Widen Economic Lead Over UK Regions, Forecast Predicts
- London and South East forecast to pull further ahead economically compared to rest of UK, widening regional divide
- London/South East growth projected at 2-2.1% annually 2024-2027 vs 1.5% for North East, Wales, Scotland
- Reading expected to overtake Manchester as fastest growing location at 2.5% annually due to tech sector
- Manufacturing sector expected to see weaker performance, more prevalent outside London/South East
- 3 of 5 slowest growing areas forecast for North of England - gap between regions set to widen