PEOPLE living in a Scottish city have lost out on an average of more than £45,000 in the 12 years from 2010 due to slow growth, with most cities in the UK falling behind.

According to a new report for Centre for Cities, the average person in the UK has lost out on an average of £10,200.

The figure rises to £45,240 for residents in Aberdeen, which is the worst-hit city in report.

According to the report, this is because the oil and gas sector in Aberdeen “struggled in the 2010s” and the fact that 9000 jobs in the industry had been lost.

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“This is likely to have impacted the amount of money spent in the city – the number of retail jobs fell by almost 30% compared with 6% nationally,” the report added.

Another Scottish city which is badly affected is Glasgow with residents there having lost out on more than £20,000, assuming their incomes had continued to grow at rates seen between 1998 and 2010.

People in Dundee were also missing out on almost £18,000 per year by the same measure.

The figures were calculated as cumulative gross disposable household income per capita for that period.

The report explained: “While almost all places are better off than they were in 2010 (with Aberdeen being a clear exception), the poor performance in terms of productivity and income raises the question of how much better off places would have been if they had kept growing at the pace seen between 1998 and 2010.

“Comparing income growth since 2010 to the rates between 1998 and 2010 for every city and large town gives an indication of this.”

According to the report, the average UK weekly wage is £666 or almost £35,000 per year.

The research explained that housing affordability has worsened since 2010 and that only seven towns and cities – Aldershot, Bristol, Derby, Northampton, Slough, Telford and York – have had more disposable income than if 1998-2010 growth levels had continued.

In every other city featured in the study, people were worse off by 2022 than they would have been at former growth rates.

After Aberdeen, the next city on the list with the highest shortfall was Burnley with residents there missing out on £28,100.

According to Centre for Cities director Paul Swinney, incomes were hindered by a slowdown in productivity growth that set off “alarm bells”.

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It increased each year by an average of 0.6% in real terms from 2010 to 2021, far below the 1.5% seen between 1998 and 2010, said the report.

Although one of the more positive findings in the report indicated that 4.6 million jobs have been added to the UK economy since 2010, Swinney pointed out this “has largely been in low pay, low skill” employment which “has had an impact on the amount of money that people find in their pocket”.

“People aren’t feeling more prosperous,” he said.

The full report can be found HERE