B ritain has been struggling to find a solution to its north-south divide since the staple industries of the first Industrial Revolution – textiles and coal – started to decline in the early 20th century.It is not a unique problem.
Every sizeable country has richer and poorer regions, and from the US rust belt to what was once East Germany, geographical inequality is easy to spot.Even so, the UK stands out.
Measured by national income per head, productivity and disposable income, it is one of the most unequal of the world’s industrial economies and over the past 40 years the north-south divide has grown ever wider.The story is simple.
Parts of the country that relied heavily on manufacturing and coal mining suffered after factory and pit closures, while London and the south-east benefited from the growth in financial services and the City’s pivotal position as a global commercial hub.
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