Treasury written question – answered on 6th February 2019.
To ask Her Majesty's Government what assessment they have made of the balance of economic output throughout the UK's nations and regions.
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.
Yes1 person thinks so
No1 person thinks not
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