Financial Times FT.com

Regions unable to close gap with London

By John Willman, Business Editor

Published: January 15 2008 03:11 | Last updated: January 15 2008 03:11

London’s success as a global financial centre has made it difficult to narrow differences between the regions, a government minister has said, calling for an end to the “sterile” north-south divide.

Stephen Timms, business minister, said the economies of the English regions had grown much faster than those in other European countries over the last 10 years, sparking a “dramatic renewal” in cities such as Birmingham, Manchester and Leeds.

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