Skip to main content

UK Powerhouse

Our quarterly economic growth report charting the regional effects of economic policy for businesses across the UK
View Report Online About the report

Previous Reports

October 2019 - Brexit Disruption Index

July 2019 - Environmental Sustainability

May 2019 - Brexit & British Industry

February 2019 - Brexit Ready

November 2018 - The Brexit Economy

Key Findings Q2 and Brexit Disruption

UK economy growth

The UK economy grew by 0.4% in the third quarter of 2019, equating to year-on-year growth of 1.1%

Growth cities

Only Portsmouth, Sunderland, and Swansea are forecast to see an acceleration in growth

GVA Forecast

Between Q3 2019 and Q4 2020, GVA growth is expected to slow for nearly all cities

Consumer spending

Consumers are still important to UK economic growth, with household expenditure going up 0.3% quarter-on-quarter

Cities for jobs

Stoke, Cambridge, and Inner London are expected to see the fastest employment growth rates in the year to Q4 2020

Labour market

Q3 2019 saw 3.8% unemployment and 1.9% real wage growth

Export revival

Export volume grew 7.9% in Q3 2019, bringing the UK trade deficit down to 0.1% of nominal GDP.

Business investment

Business investment was flat in Q3, continuing its recent subdued performance in the prevailing climate of caution and uncertainty.

Midlands engine

Birmingham is set to see the fastest annual GVA growth out of cities in the Midlands in Q4 2020.

Peterborough

Peterborough is expected to be the fastest-growing city in the East of England in Q4 2020. The low cost of office space in the city has contributed to service sector dominance in the local economy.

Get In Touch

Talk to our business law experts to learn more about how we can help you take advantage of growth in your area

Contact Us

Request A Callback

Enter you details below and we'll call you back, at a time of your choice

Preferred date*

This data will only be used by Irwin Mitchell for processing your query and for no other purpose.