UK regional growth: mind the gap

UK regional growth: mind the gap

People often talk about a North-South divide in the UK. But the real gap isn't between North and South; it's between London and the rest.

Economic Analysis

06 March 2014

City of London skyline

London grew by 107% between 1997 and 2011, compared with 74% for the rest of the UK. What makes it so special? We attribute London's outperformance to two factors.

First, its sector shape: London’s economy has a high share of fast-growing sectors (for example, professional services).

Second, its competitiveness: companies in a given sector have tended to grow more quickly in London than their counterparts in the rest of the country.

Download the full report (PDF 111KB)



Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox