The State of Britain

South East

  • The SE retains its R&D top spot and the UK’s highest level of employment

    A nowcast for the SE for the 12 months ended March 2021 which incorporates the second lockdown, published by the Economic Statistic Centre of Excellence (‘ESCoE’) on a rolling 4 quarter basis, has estimated that the SE economy contracted by 12.2%. This ranked the SE seventh in the UK (previous ranking seventh). Over the same period the East Midlands was ‘best’ with a fall of 9.4%, with Wales’s 13.4% contraction the ‘worst’. The UK overall posted -11.8% on the same measure. ESCoE is a partnership of research institutions and the Office for National Statistics (‘ONS’) and has highlighted that during these unprecedented...