LONDON: The ‘Beyond the City’ report put employment growth at 3.8 per cent in Manchester between 2015-2020, outpacing some of the world’s leading capital cities.
Business leaders have welcomed news that Manchester is set to outperform some of the world’s leading cities.
The ‘Beyond the City’ report put employment growth at 3.8 per cent in Manchester between 2015-2020, outpacing some of the world’s leading capital cities.
This includes Paris which is on track for 1.7% growth, Berlin at a slightly less 1% and Tokyo which is languishing on -0.7%.
Iwan Griffiths, PwC’s north west chairman said: “Employment growth is a barometer of economic health. This report therefore reinforces that business confidence and investment across the UK regions will continue to recover and thrive over the next five years.
The north west has the largest financial services sector of the UK regions outside of London and so it is no surprise that the expected growth will be led by this sector.
“With nearly 14,000 jobs predicted to be created by 2020, the benefits will not only accrue to the region but significantly contribute to the wider UK economy.
A strong FS industry will enable the region to better maintain a global competitive position.
We are proud to be involved with the IFB again. Last year’s event saw over 100,000 visitors from more than 92 countries attend events, which brought in £300m worth of trade and direct investment into the UK.
