Big four accountant EY has said the annual rate of employment in Manchester is set to be the highest in the 海角视频.
According to EY鈥檚 annual Regional Economic Forecast, the city鈥檚 employment growth will be the highest in England, growing at 1.4 per cent.
This is up from 1.2 per cent forecast last year and is equivalent to 25,500 new jobs between 2020 and 2023, EY said.
Gross Value Added (GVA) is also expected to rise 2.2 per cent per year between 2020 and 2023, where the national growth is expected to be 1.6 per cent.
In Liverpool, average employment is set for growth of 1 per cent from 2020 to 2023 - double that predicted for in 2018 to 2021 - which it said was down to gains in the administrative and support service and human health and social work sectors.
For the wider north west, GVA and employment are set to grow at an average of 1.6 per cent and 0.7 per cent per year, respectively, with the professional, scientific and technical and administrative and support sectors identified likely to be the most dynamic.
However, Bob Ward, EY managing partner in the north west, said that 鈥渁lthough growth is expected across the region, it鈥檚 clear that, not only does the report highlight a north-south economic divide, it also shows us that major towns like Preston, Blackburn and Lancaster are still missing out on the investment and growth that our cities enjoy鈥.
Mr Ward said it was 鈥渃lear the top-down approach isn鈥檛 working鈥.
鈥淭he government alone is not going to solve this problem.
鈥淵es, recent announcements like the green-lighting of HS2 will certainly help with infrastructure and connectivity but we need a different approach if we are to truly 鈥榣evel-up鈥 the economy.鈥
Mr Ward called for more devolution across the north so regions can invest in their towns and communities.
He said: 鈥淲hat鈥檚 needed is a blend of public and private sector investment to spread the wealth right across the region for the benefit of everyone.
鈥淟ocal businesses need to invest in our high streets, supported by a sensible approach to policy-making around business rates and planning regulations. We need further investment in the regions from larger businesses who can help invest in skills and develop our labour market, to address the geographic imbalance.鈥
He added: 鈥淲e have huge opportunities across the North West, our professional, scientific & technical sectors are already buoyant but with a consolidated approach to improving infrastructure and connectivity and capitalising on the benefits brought about through digital and technology, we can ensure that the region鈥檚 prosperity is enjoyed by all our towns, not just our major cities.鈥
