Oil ensures Aberdeen is only UK city where GVA grew faster this year than last as London loses edge to Scottish cities

摘要

London is losing its economic edge to regional capitals Edinburgh and Belfast, reveals research by UHY Hacker Young, the national accounting group. UHY Hacker Young explains that London’s previously unassailable leadership as the UK’s strongest economic contributor has been eroded as the financial crisis hit the capital much harder than elsewhere in the UK. UHY Hacker Young’s analysis of official calculations of ‘Gross Value Added’ - the measure of a region’s contribution to the UK economy according to the value of the goods and services it produces - shows that Edinburgh and Belfast are fast closing the productivity gap.