Economics
In the News
London's lead in income per head over the regions
16th December 2016
This Guardian article highlights the extent of regional inequality - noting that over the past decade inequality has increased, with London increasingly well ahead of other regions.
Find more statistics at Statista
Gross value added (GVA) per head was higher in London than any other region in 2015 at £43,629, dwarfing the figure for the lowest region, Wales, at £18,002 and double the level of £21,638 for the UK without London.
10.3% of London’s 2014 Gross Value Added came from Information & Communication industry.
In related news, the size of the gig economy in the capital is estimated to have soared in the last year.
London's 'gig economy' has grown by more than 70% since 2010 https://t.co/oq374K79VS
— The Guardian (@guardian) December 9, 2016
There was better news for Northern Ireland with the news that Belfast experienced the strongest economic growth of any UK city in 2015, ahead of Edinburgh, Cardiff and London, measured by Gross Value Added.
Recommended
Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams