London Leads the Pack, But UK Markets Still Feeling the Pinch
The recent NatWest Regional Growth Tracker, which surveyed businesses in manufacturing and services across 12 UK regions from March 12‑27, paints a mixed picture. While London shines as the bright beacon of growth, the rest of the country is still battling the wobble of economic uncertainty.
Key Findings
- London dominates with a forward‑moving vibe.
- The South West follows suit, making solid gains.
- Not far behind: South East and Yorkshire & Humber show a fresh uptick in business activity.
<liMost other regions—especially Scotland and Northern Ireland—still feel the strain from lingering inflation.
How the Tracker Measures Up
The NatWest Regional Growth Tracker Business Activity Index is fresh on the block, providing a fact‑based snapshot each month. A reading above 50 signals positive growth, and the further above 50, the faster the expansion.
Out of 12 regions, only five reported figures above 50 in March. The national average sat comfortably at 51.5.
What the NatWest Chief Economist Says
According to Sebastian Burnside, London keeps leading while the South West and other regions are contributing notably to UK growth. He notes that inflation pressures are still high, but have eased slightly in most areas. “Firms across the country are juggling cost control—this ripple reaches workforce decisions too,” he added. “Tariff announcements and upcoming changes to national insurance, living wages, and minimum wage are setting the stage for continued challenges.”
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