BusinessCompany NewsSouth East matches Eurozone on GDP growth

South East matches Eurozone on GDP growth

The affluent South East region of UK, which includes London, is expected to keep pace with the Eurozone in the race for GDP over the next three years.

Link: Eurozone lags behind on corporate governance

But the news is not so good for the other regions in the UK, revealing an economically divided Britain, with the North and the Midlands in particurlar, losing out, according to research by Experian Business Strategies and consultants DRI-WEFA.

Inner London, Berkshire, Buckinghamshire, Oxfordshire, Surrey, East and West Sussex are all expected to yield growth rates in excess of 3%, with the tiny economy of Lincolnshire is expected to expand the most at 3.8%.

But for the rest the future looks somewhat bleak – 26 out of the UK’s 37 regions are expected to drop down the GDP league tables, losing out to their European counterparts.

Areas like Cumbria, Merseyside, North Eastern Scotland, Northern Ireland, Devon and Cornwall are all expected to expand by less than 2%.

Dr Neil Blake, research director at Experian said: ‘After a period of strong economic growth in the late 1990s, UK economic growth is set to slow over the next couple of years. This will allow other European areas to improve their position against UK regions.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor