Heritage and HSS each enjoyed straight-sets wins over GVA Juniors and Home Again respectively.

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By contrast UK GVA or output without the bad bits, without finance and energy, is almost back to peak output.

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However, GVA per head in Wales remained the lowest of the devolved nations and English regions at 75.2% of the UK average.

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That compares well with the euro area as a whole, whose GVA on the same basis is down 2.9 percentage points over the same period.

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But as a government spokesman in the Lords he acknowledged the great disparity between GVA per head in the richest parts of London and some of the poorest parts of Wales.

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The study, carried out by property consultancy GVA for Crossrail, found properties in places such as Ealing Broadway, Southall, Hayes and Harlington, Farringdon, Whitechapel, Custom House, Woolwich and Abbey Wood could be boosted by up to 25%.

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