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Tom Forth: Agglomeration economies should boost Britain’s economic strength

Tom Forth: Agglomeration economies should boost Britain’s economic strength
Britain’s agglomerations underperform economically

Tom Forth emphasizes that economic growth theories recognize economies of agglomeration as a key factor. He points out that Britain has several major agglomerations and argues their economies should match the strength of similar regions in Europe and North America. However, according to Forth, most of Britain’s agglomerations fail to achieve this expected level of economic performance.

Forth previously noted that economies outperforming Britain have benefited from higher taxes and more investment in transport and R&D, contributing to stronger performance levels in those regions (link). He also reported that Britain spends more on infrastructure than its peers but gets less value from these investments (link). These findings form part of his ongoing assessment of the factors behind regional economic gaps.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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