The new industries are brainy industries and so-ca... -Evan Davis

The new industries are brainy industries and so-called knowledge workers tend to like to be near other people who are the same. Think of the City of Hollywood. People cluster. This means you have winning regions, such as London and Cambridge, and losing regions. The people who want to be top lawyers in Sunderland are hoovered up by London.

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Evan Davis is a British economist, journalist, and television presenter. He is known for his work on BBC News programs and his analysis of economic and business issues. His expertise and media presence have made him a prominent figure in economics and economic journalism.