London has been named the largest economic contributor in the UK.
The city makes its greatest contribution from financial and insurance activities, according to the Office for National Statistics, which found that in 2010 its headline gross value amounted to over £274 billion, representing 22 per cent of the UK total.
Other top grossing industries include professional, scientific and technical activities, as well as IT and communications specialisms.
London's employment rate between October and December 2011 came in just below the average, however was still the top contributor to the national economy.
Productivity was found to be 33 per cent above the English average in 2010, with gross disposable household income per head of London residents also proving to be the highest of all regions.
Inner London wages were markedly higher at £23,850, compared to £17,890 on average in the outer London boroughs surrounding the city.
Posted by Natasha Cox
