Dubai PR Network, Online Press Release from Dubai and Middle East
Banking & Insurance(Banking & Investments)
Filter PR by
Prosperity in UK Cities Gains Momentum as Wider Regional Growth Lags Behind
  • Third edition of UK Prosperity Map from Barclays ranks UK regions and cities according to their current affluence
  • 1 in 79 Brits is now a millionaire, up from 1 in 84 last year 
  • Regions aren’t seeing the boost in prosperity they enjoyed last year – but the picture is much brighter for cities, with Birmingham and Newcastle emerging hotspots of growth 
16  September 2017: The UK saw uneven rates of prosperity growth over the last year, according to the third edition of the annual UK Prosperity Map from Barclays.
Against a backdrop of fluctuating economic conditions and Brexit negotiations, the 2017 UK Prosperity Map shows that, while most areas of the country are more prosperous overall than last year, in many cases cities are outpacing their wider region, with clear disparities opening up when it comes to GDP per capita and earnings. 
The research uses factors including numbers of millionaires, average earnings, business growth rates, house prices, and GDP per capita to generate a unique ‘Prosperity Index Score’ for each UK region and city. 
1 in 79 Britons is a millionaire 
The number of wealthy individuals continues to increase: the UK’s millionaire population grew by 7.6% year-on-year in 2016. Every region saw an increase in its number of millionaires since last year’s research, except Scotland, which saw no change. The East Midlands and South West saw the highest percentage growth in their millionaire population between 2015 and 2016 (11.1% and 10.5% respectively).
London outpaced by cities in the North and Midlands
While London continues to dominate as the UK’s most prosperous city, other cities saw positive trends over the last year. Newcastle and Birmingham saw the biggest year-on-year increases in GDP per capita, at 4.4% and 4.2% respectively, growth well in excess of the overall UK figure over the same period (1.8%). When it comes to house prices, almost every city has seen higher house price growth than London (up 3%), with Birmingham (8%) and Manchester (7%) seeing the biggest increases. 
Prosperity Index scores – region
Prosperity Map 2017 Index
Order Scores Final Index Figure Last Year's Figure
1 (n/c) London 0.77 0.78
2 (n/c) South East 0.56 0.58
3 (n/c) Eastern England 0.45 0.42
4 (+1) Northern Ireland 0.35 0.34
5 (+1) East Midlands 0.32 0.30
6 (-2) South West 0.31 0.37
7 (+2) West Midlands 0.23 0.24
8 (n/c) North West  0.22 0.26
9 (-2) Scotland 0.22 0.27
10 (n/c) Wales 0.20 0.23
11 (n/c) Yorkshire and the Humber 0.20 0.21
12 (n/c) North East 0.07 0.12


Prosperity Index scores – city 

Prosperity Map 2017 Index

Order Scores Final Index Figure Last Year's Figure
1 (n/c) London 0.93 0.91
2 (n/c) Reading 0.77 0.75
3 (n/c) Cambridge 0.56 0.56
4 (+1) Leeds 0.42 0.43
5 (-1) Bristol 0.40 0.44
6 (n/c) Cardiff 0.38 0.32
7 (n/c) Birmingham 0.38 0.26
8 (n/c) Manchester 0.37 0.26
9 (n/c) Liverpool 0.21  0.15
10 (n/c) Newcastle 0.20 0.11


Posted by : Dubai PR Network Editorial Team
Viewed 5893 times
PR Category : Banking & Investments
Posted on : Saturday, September 16, 2017  3:25:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : AL-Thiqa Islamic Bank selects ICS BANKS ISLAMIC System from ...
Next Story : Global Cashback Mart – Mashreq's newest e-commerce platform
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Bhima Jewellers Wows Women on International Women's Day [14939-Views]
Foreo Declares 2018 the Year of Confidence [13591-Views]
Beauty Indulgences for Mums this Mother's Day [11438-Views]
Built for the Way We Communicate Today: Samsung Galaxy S9 and S9+ Launches in the UAE [10278-Views]
The Ultimate Mother's Day Beauty and Wellness Gifts [8589-Views]
The Sheet Mask Trend [7515-Views]
Design International to open doors at d3 [7046-Views]
Tissot PRS 516 Alpine Limited Edition A sporting tribute [6795-Views]
Rise and Shine with Sophie's [6783-Views]
Filorga Launches Lift Range [6771-Views]
International fragrance houses look to Middle East as inspiration for global perfume trend... [6771-Views]
SMCCU opens its doors for SIKKA Art Fair [6698-Views]
Max launches its Inaugural Abaya Collection [6100-Views]
“The Night of Italian Design” at D3 Attracts Design Enthusiasts [6021-Views]
LULU Organic Food Activation [5862-Views]
Al-Futtaim Honda launches 10th generation Honda Accord [5746-Views]
It's Mother's Day! [5704-Views]
Iconic milkshake brand Keventers to open 30 outlets across the UAE in 2018 [5685-Views]
Mother's Day Offer from Blush N Curls Salon [5527-Views]
An Open Secret - The new Flying Regulator Open Gear provides deep insights [5258-Views]
Luxury First: Range Rover Sv Coupé Debuts at Geneva Motor Show [5106-Views]
UAE Jiu-jitsu Federation® Conducted the Official Weigh-ins of Abu Dhabi Grand Slam® in Lon... [4959-Views]
Reading Champions Declared at 10th Emirates Airline Festival of Literature [4941-Views]
Preps for the Fazza Championships for Shooting Saktoun Riffle begin on March 11 [4886-Views]
Drink yourself to looking younger with Skinade [4880-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories