Gaps in economic productivity between London and other regions of the United Kin...
BIRMINGHAM, England - Gaps in economic productivity between London and other regions of the United Kingdom are as wide as they were in 1901 and there is no quick fix to overcome them, a report for the British government said on Tuesday.
Many of these areas voted for Britain to leave the European Union, and some also voted for Johnson’s Conservative Party for the first time in December’s parliamentary election. “Regional difficulties typically have deep roots and are long-lasting,” Haldane wrote in a foreword to the report. “For well-performing places, this is a virtuous circle. For left-behind places, it is a vicious one.”
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