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According to a newly released major economic report, Birmingham is said to be on the precipice of exciting opportunities for economic growth - despite the impacts of Covid-19 and Brexit.

The Birmingham Economic Review, published by Greater Birmingham Chambers of Commerce (GBCC) and the University of Birmingham’s City-REDI, reveals promising signs for recovery across the city-region even though well-documented challenges such as talent shortages and inequality remain.

In his Budget speech, Chancellor Rishi Sunak said that the UK's spending watchdog expects the economy will return to its pre-Covid level at the turn of the year. The Office for Budget Responsibility (OBR) has lifted its prediction for economic growth in 2021 to 6.5%, up from its previous forecast of 4%. It has also reduced its estimate of the long-term effect of Covid-19 on the economy from 3% to 2%.

Angus in Scotland has the biggest Mansion Gap in Britain, with the most expensive house currently for sale costing more than 72 times the price of the region’s average home, reveals research by home move platform Just Move In. £11 million Careston Castle, boasting more than 1,500 acres of land, makes the Scottish region of Angus the most unequal region in the country, costing 72 times more than the average £157,026 home in the area.