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UK Powerhouse

Our quarterly economic growth report charting the regional effects of economic policy for businesses across the UK

Key Findings Q3 2017

Education Sector

London has more education jobs (450,000 jobs) and a bigger education GVA (£4.8 billion) than any other UK city.

Education In Oxford

Education provides 8% of jobs in Oxford - the highest percentage of any UK city. Oxford University employs over 13,000 people alone.

Economic Performance

The UK economy grew at the slightly stronger rate of 0.4% in the third quarter of 2017, driven by increased household spending.

Employment

The proportion of people aged 16 to 64 in work fell to 75% in the third quarter of 2017.

Bournemouth

Employment in Bournemouth grew 1.3% in Q3 2017, with the banking, finance and insurance sector key to providing jobs for the city.

Cambridge

Cambridge moved from second place back to the top spot for economic growth in Q3 2017, growing 2.2% annually.

Technology Sector

The technology hotspots of the so-called ‘Cambridge-Milton Keynes-Oxford Arc’ are expected to have the fastest growing economies in 2018.

Manufacturing Sector

Manufacturers in Derby and Sunderland benefitted from the weak pound, growing the cities’ economies by 1.9% and 1.6% respectively.

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