The economic gap between London and the rest of the UK is widening because other cities are “punching below their weight”, according to research.
London has created 10 times more private sector jobs than any other city since 2010, analysis by the Centre for Cities found.
The think tank is calling for more power to be devolved to the regions.
Its research found almost a third of people aged between 22 and 30 who moved cities headed for London.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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