UK: ECONOMIC TRUTHS - North and south are poles apart - With every economic boom optimists predict that the ...

UK: ECONOMIC TRUTHS - North and south are poles apart - With every economic boom optimists predict that the ... - ECONOMIC TRUTHS - North and south are poles apart - With every economic boom optimists predict that the UK's poorer regions will catch up wi

by DAVID SMITH, economics editor of the Sunday Times.

ECONOMIC TRUTHS - North and south are poles apart - With every economic boom optimists predict that the UK's poorer regions will catch up with the wealthier ones. But it's not going to happen.

The big picture for Britain's economy for the past couple of years has been that, while manufacturing has struggled, the services sector has continued to prosper. Had the UK been a manufacturing-only economy we would have had a serious recession. We aren't, so we didn't - services saved the day.

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