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Birmingham Post
Birmingham Post
Business
Andrew Arthur

South West to 'close economic gap' on London by 2025, EY report finds

The South West is only one of two regions in England set to gain ground on London's economy over the next three years as the UK recovers from Covid-19, according to a new report.

Accountancy giant Ernst and Young (EY) has forecast the region’s economy, measured by the value of goods and services produced or Gross Value Added (GVA), to be 9% larger in 2025 than it was in 2019

This would give the South West the second-largest increase among English regions, behind only the East Midlands (9.5%) and ahead of London (8.9%).

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