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Most productive places in the UK: Londoners do the most for the British economy, says ONS data | Most productive places in the UK: Londoners do the most for the British economy, says ONS data |
(about 17 hours later) | |
The most productive people in country work in London, according to new data from the Office of National Statistics. | The most productive people in country work in London, according to new data from the Office of National Statistics. |
In a study of the UK's 37 subregions, workers in Inner London were found to have provided the most gross-value-added (GVA) to the country's economy — performing almost 50 per cent better than the UK average. | |
Within London, it's those based in the city's west that have the highest productivity level. | Within London, it's those based in the city's west that have the highest productivity level. |
North Eastern Scotland, centred around the business city Aberdeen, is the most productive subregion outside of the south of England, where 8 of the top 10 performing territories are located. | |
But the least productive area can also be found in the south. | But the least productive area can also be found in the south. |
Cornwall and the Isles of Scilly provides nearly 30 per cent less GVA than the UK average, and is 8 points behind West Wales and The Valleys, the next least productive subregion. | Cornwall and the Isles of Scilly provides nearly 30 per cent less GVA than the UK average, and is 8 points behind West Wales and The Valleys, the next least productive subregion. |
The lowest performing NUTS3 region (smaller than the 37 explored before) is Powys in Wales. | The lowest performing NUTS3 region (smaller than the 37 explored before) is Powys in Wales. |
ONS observed that large cities are often quite productive, whereas rural or remote areas are typically not — though this is likely determined by the subregion's primary industry | ONS observed that large cities are often quite productive, whereas rural or remote areas are typically not — though this is likely determined by the subregion's primary industry |
As a banking hub and destination of international business, London's place atop the GVA rankings makes sense, as do the large sums of money traded in Aberdeen explain its success. | |
The BBC has said the high productivity reported in Derby and Swindon is likely driven by their lucrative car manufacturing business — Toyota and Rolls Royce in the former, Honda in the latter. | The BBC has said the high productivity reported in Derby and Swindon is likely driven by their lucrative car manufacturing business — Toyota and Rolls Royce in the former, Honda in the latter. |
Regions more dependent on agriculture of tourism are unlikely to have performed well in ONS' GVA measurement, as are those that haven't seen investment for many years. | Regions more dependent on agriculture of tourism are unlikely to have performed well in ONS' GVA measurement, as are those that haven't seen investment for many years. |
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