Hackney set to become richer

A NEW study has predicted the diminishing of Britain’s wealth divide by 2015 - which is good news for Hackney, writes Ronan Murphy.

SG Hambros Private Bank has estimated that the North West and the East Midlands will close the gap in affluence with London and the South East over the next eight years.

In London itself, Hackney and the rest of North East London is also set to undergo substantial growth.

London will still maintain its overall momentum, and a PriceWaterhouseCoopers report forecast anticipates it becoming the fourth largest city economy in the world by 2020.

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