Majority of young talent heads to London
A third of Brits between the ages of 22 and 30 who have moved cities have gone to London, as the city generated the most amount of jobs between 2010 and 2012, a new report has found.
According to bbc.co.uk, research from the Centre for Cities showed 80 per cent of private sector roles were created in London during the same period. The capital has generated ten times more jobs than any other city in the UK.
In fact, over 215,000 private sector jobs were created in London between 2010 to 2012. In addition, 80,000 people in their 20s moved to London between 2009 and 2013, reports independent.co.uk.
Paul Swinney, senior economist at the Centre for Cities, said that the high amount of job creation in London is positive for the rest of the economy.
“It’s one of the best performing cities in the world and from a national perspective we need to continue supporting the growth of London,” he commented. “The bigger issue is the under-performance of our next largest cities, such as Sheffield and Manchester. They’re very much punching below their weight in terms of their contribution to the national economy.”
Cities minister Greg Clark added that in the last two years, over a million jobs have been created in the UK and around a quarter were located in the capital.