Recent statistics published by Eurostat show seven regions in the UK that have failed to keep pace with the rest of Europe since the 2008 financial crash has more than doubled.
Eurostat is the statistical office of the European Union, responsible for publishing high-quality Europe-wide statistics and indicators that enable comparisons between countries and regions.
Number of Europe’s poorest regions in UK ‘more than doubles’ to seven.
regions are defined as areas with a GDP per head of the population worth 75% or
less of the EU average.
2008 that number was put at 3 regions. Scotland, west Wales and Cornwall and
the Isles of Scilly.
The most recent figures available from Eurostat covering 2017 show the number of regions in this category has jumped to seven. Lincolnshire, Tees Valley and Durham, South Yorkshire and outer London (east and north east) have all be added to the list.
How does Eurostat calculate the results?
per head is calculated by dividing a country’s national income, or GDP, by the
UK’s GDP per head, which took seven years to recover to the level it was at in
2008, has risen steadily since 2015. But
this still only left the UK 30th in the World Bank’s global rankings.
Southern Scotland has improved its situation, moving up from 63% to 65% of the EU average. But Cornwall and west Wales have fallen further behind. The east and north-east of London have slumped from 83% to 72% of the EU average for GDP per head.
The seven UK regions were poorer than any other regions in France, Germany, the Netherlands and the rest of north-west Europe.
figures were published by The High Pay Centre. They have said the seven UK
regions were poorer than any other regions in France, Germany, the Netherlands
and the rest of north-west Europe.
Hildyard, the centre’s director, said:
“We are often told that policies such as higher investment in public services, stronger trade union rights and worker representation on boards will be bad for the economy, but they are commonplace in Germany, Scandinavia and other parts of north-west Europe. Our findings suggest that there is nowhere in those countries suffering as badly as large swathes of Britain.”
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