The Trade and Industry Secretary is calling for an active regional industrial strategy in response to new figures on regional GDP.
Annual GDP growth for the UK was 3.8 per cent in 1999 with the South-East having the highest growth at 5.1 per cent, according to the Office of National Statistics. The lowest was the North-East at 2.3 per cent.
GDP per head in London was 30 per cent higher than the UK average, and for all regions it was above £10,000 for the first time.
Stephen Byers said, “It is clear that there are unacceptably wide economic gaps between regions. The challenge for government is to put in place the measures that will allow every region to prosper.”