So am rather reeling from watching BBC this morning. Chancellor George Osborne has seemingly remembered there is indeed a 'North' of England, and their actually going to potentially do something quite radical (and long overdue with it):
http://www.bbc.co.uk/news/uk-27969885
Just for a brush down on the major parts spoken about (to be honest what more capped my interest was the devolution of power in the Northern cities to their mayors- based on the London-Boris model, which for all you may think of him has been amazingly successful for 'The' City), but beyond that interview i can't actually find anything written yet.
Anyway so the idea being that linking all the major Northern cities together will 'economically geographically balance' (Don't use that as a slogan) the UK. Something which yes, does desperately need doing. Especially in the North of England (Traditionally it's been overlooked in favor of us in Scotland who right now are doing relatively well...and of course everything is overlooked in favour of the South-East..because let's face it London and that area are the economic bread-basket of the UK).
http://blogs.lse.ac.uk/politicsandpo...anced-economy/ (fantastic paper on the issue)
So with this in mind, will Osbournes ideas of greater and faster infrastructural links between the big northern cities actually make much difference? Will it have the desired effect of allowing all three combined to rival Londons economic dominance and so even out investment in the UK? Will it mean that foreign investors will perhaps pick Manchester over London?In the wake of the economic crisis and Great Recession, there has been much talk of spatial re-balancing the UK economy from South to North. The ‘re-balancing’ mantra is far from new, however; the British economy has long been skewed towards London and the surrounding South East region and. In a recent paper, Ron Martin, Ben Gardiner, Peter Sunley and Peter Tyler document how the degree of spatial imbalance in Britain’s economy is both real and has continued to widen. However, the various policy measures introduced over the past three years or so do not add up to a coherent and effective response. The solution to the problem will require addressing the fundamental constraints preventing the re-balancing of the United Kingdom – both sectorally and spatially.
At the moment i personally can't see faster rail (HS3) doing much good towards this on it's own. It seems to me to be one of those 'small measures' that the academic paper talks about.
Now while the Chancellor did say that the government are also looking at investing in Science and research up North- that's nothing concrete seemingly, just a statement.
And that's what's worrying. This needs to be done, but i rather suspect some of it is due to the elections drawing near and a coalition desperate to regain some popular support. This idea of course seems to be aimed at stealing some Labour voters away (however briefly) and reminding everyone the government's thinking of you...
Doesn't it warm the cockles of your heart?
Whatever the reason. The annoying this is, one way or another one political party or another (i don't really care who) this really does need to get done. It's long overdue for the UK who after dismantling it's Northern industrial bases, never really put back anything to replace them economically...thus the drain and favour now given to London and the South East (which Scotland managed to mostly escape from by getting it's own legislative body...who have far more power than any county council...and indeed are seeking far more).
The question is, is this the right way to go about it? Especially given the controversy over HS2 (which i believe has been proven to not actually provide the economic boom it was sold as providing?) Faster rail links are great, but their not exactly a sweeping change to the northern economic landscape, and indeed even together can the Northern cities ever hope to redress the balance against London?
Especially considering:
http://www.bbc.co.uk/news/uk-england-25879681
The economic gap between London and the rest of the UK is widening because other cities are "punching below their weight", according to research.London has created 10 times more private sector jobs than any other city since 2010, analysis by the Centre for Cities found.
The think tank is calling for more power to be devolved to the regions.and:London appears to "suck talent from the rest of the country", the report says, with many young people never returning to their home towns.Edinburgh and Birmingham were the next best performing cities in terms of private sector job creation, with Aberdeen also featuring in the top ten.
http://www.theguardian.com/business/...her-uk-regions
In a way, i see these measures falling for to short of the spoken intentions. What do you guys think?Capital's economy forecast to expand by 15% over the next five years, accounting for almost a third of all UK growth





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