Meanwhile, Belfast’s economy apparently grew fastest among 30 of the largest UK cities over the past 10 years. A report by accounting firm UHY Hacker Young said Belfast has experienced a 99% increase in gross added value over the past decade. Belfast came in third place in the league table of Britain’s strongest economies behind Edinburgh and London.
One fears that much of this growth is driven by over inflated house prices and excessive government spending.
The chairman of the accountancy firm claimed that Belfast’s ability to capitalise on the growing trends in the service and knowledge economy had been in part responsible for its economic success.