Published: 30th May 2019

A ‘huge gulf’ exists between some of Britain’s wealthiest and poorest regions, which is costing the economy around £40bn, a new report has warned. The report by the independent UK2070 Commission warns that the UK is falling short in its ambitions to become an equal and inclusive economy, and that gaps between some parts of the country are set to grow even further with half of all future job growth limited to London and the South East if urgent action is not taken. The commission, which is chaired by the former head of the British civil service, Lord Bob Kerslake, also warns that London is ‘decoupling’ from the rest of the country. It adds that ‘moving south’ for a better standard of life is ‘no longer an option for most people’, with areas like London and the South East constrained by a lack of affordable housing. ‘Rents and house prices … (To read the full article, subscribe below)