Magazine article Public Finance

Welsh Public Sector Boosts Its Economy

Magazine article Public Finance

Welsh Public Sector Boosts Its Economy

Article excerpt

The expansion of Wales' public sector is turning the principality into one of the dynamic 'knowledge economies' driving UK growth, a report by the Work Foundation has concluded.

Research published by the think-tank on September 3 shows that Wales has moved up from seventh to fourth in the list of UK nations or regions utilising the specialist skills that have underpinned UK growth since the decline of manufacturing and the rise of globalisation.

The study shows that London and the Southeast of England continues to be the UK's powerhouse local economy, as a consequence of its 'high-skilled, high-productivity' service sector.

Few other areas have been able to match its growth rate over the past decade because they have yet to create a critical mass of 'knowledge industry' jobs such as financial services, consultancy, ICT or research and development roles. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.