London is the most productive UK region

(2 minutes to read)

Sophie Lewis

By Published on 30th August 2019

limited, umbrella, recruiters, Contractors

To collect the results, researchers used state-of-the-art econometric techniques to analyse ONS data between the years 2010-2016, to produce levels of productivity in each plant of Great Britain.

London is the most productive region in the UK, closely followed by the South East and Scotland, according to new research from Durham University Business School.

This report, conducted by Richard Harris and John Moffat, who are both Professors of Economics at Durham University Business School also found that the least productive region was Wales, with London having double its productivity levels.

Professor Richard Harris, commented, “A major priority today for the UK Government is to boost productivity as well as achieve greater ‘spatial rebalancing’ of the economy to address the so-called north-south divide in terms of GDP per capita. Our research clearly shows that the levels of productivity are drastically higher in London and its surrounding areas in the South East, such as Thames Valley, Hertfordshire and so on.”

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Email Jaime

He added, “However, locational factors do account for, on average, between 41-50% of the differential between London and other Local Economic Partnerships, depending on the sector considered, clearly showcasing the importance for companies to be based in, or near, London.”

To compile the report, the researchers not only categorised levels of productivity in terms of the eleven different regions, but also evaluated this in terms of twelve leading cities and their non-city hinterlands; and English LEPs, accompanied by Glasgow, Edinburgh, the rest of Scotland and Wales. The research also estimates levels of productivity sector per sector, covering manufacturing, high-tech, and services and so on.

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com

You may also like to read

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

dav1