Services have grown to a record share of Britain’s total exports but are increasingly concentrated in London, according to new research that shows the challenges of delivering the government’s “levelling up” agenda.
The figures from the Resolution Foundation showed services sectors accounted for 56 per cent of exports in the third quarter of 2023, up from 30 per cent in 1997.
The capital accounted for a rising share, reaching 46 per cent in 2021, up from 38 per cent in 2016, the Resolution Foundation said on Tuesday.
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