Economic Growth

Treasury written question – answered on 6th February 2019.

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Photo of Baroness Kennedy of Cradley Baroness Kennedy of Cradley Labour

To ask Her Majesty's Government what assessment they have made of the balance of economic output throughout the UK's nations and regions.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

In 2017, 76% of UK economic output was generated outside London. Since 2010, 60% of the increase in UK employment has come from regions outside London and the South East and of the 11 nations and regions outside of London, eight have seen higher productivity growth than London since 2010.

This government continues to support the unique needs of regional economies. We are continuing to back further devolution where appropriate, enabling local areas to take strategic decisions about local priorities, and we are investing in all parts of the UK, for example through the £12bn multi-year Local Growth Fund, which continues to support a range of productivity focused investments across England.

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