Mind the gap…North south divide set to widen

The Northern Powerhouse seems to have failed to close the gap between the wealth of the north and the south.

George Osborne’s vision of revitalising the great northern cities appears to have been hot air.

EY have indicated that the gap between the two areas will continue to grow until 2020 as the economy fails to rebalance.

London and the south-east will bring in 2.2 per cent and 2 per cent growth respectively, while the rest of the UK will lag behind with 1.8 per cent growth.

As Brexit appears on the horizon there are fears the rest of the UK, outside of the South-east, could suffer a lengthy period of economic decline, from an already low base.

EY’s chief economist for UK and Ireland said: “The UK has made little progress on regional rebalancing over the past three years, and we expect more of the same over the next three years.”

Jeremy Corbyn: “It is impossible to believe this is a government capable of negotiating a good deal for this country”

Since you’re here …

Real, independent, investigative journalism is in alarming decline. It costs a lot to produce. Many publications facing an uncertain future can no longer afford to fund it. This means journalists are losing the ability to hold the rich and powerful to account.

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing.

Every penny we collect from donations supports vital investigative and independent journalism. You can also help us grow by inviting your friends to follow us on social media.


Donate Now Button

Leave a Reply