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CBI North West comments on reports of low investment in North of England
Here's the IPPR's 'Levelling Up Promises Tracker' which shows Government’s progress. on the rhetoric Its published analysis shows that despite the rhetoric of the:- 'Levelling Up' agenda, public spending on the North is in fact lower, and has grown less since 2019, than in other parts of the country. Within a press statement Marcus Johns, a research fellow at IPPR North said:- "On public spending, the money simply didn’t follow the levelling up the rhetoric. Although an increase in public spending in 2019 was welcome and absolutely essential, spending is lower, and grew slower in the North, than in other parts of the country. At the same time, the country became more centralised and inequalities widened. This is because power is not distributed fairly in this country. Regions like the North deserve nothing less than to be afforded the tools they need to level up for themselves; it’s a sensible way of governing, and very normal in less unequal countries. But here, that hasn’t yet happened at anywhere near the level needed. Candidates to be the next Prime Minister should commit to delivering where their predecessors have not. Reversing cuts to local government and to planned transport projects, beefing up the Levelling Up Bill to make it a transformative piece of legislation, and going big on the opportunity and future-proofing the economy." Also commenting on the findings Ryan Swift, a research fellow at IPPR North add:- "Our analysis suggests that levelling up was, in many ways, business as usual. But that has to change. The next Prime Minister will enter Downing Street as a result of votes lent to their party, by many in the North and the Midlands, in 2019. The government has not yet delivered for people in these communities, so the next Prime Minister will have to go much further to unlock northern prosperity. If candidates hope to serve for longer than their recent predecessors, they should listen to the North, and make unlocking the region's significant potential their personal priority." Reacting to this news CBI Regional Director Damian Waters, has gone on record, today, saying:- “Firms are concerned about reports emphasising the lack of investment across the North of England. Yet, it’s crystal clear that the North of England is filled with a lot of incredible, but untapped, potential. It boasts some of the country’s most important assets; from its universities to its natural resources; making it a prime location for investment. We need to seize these unparalleled opportunities, particularly when it comes to green growth and industrial clusters, in the North West. If we address the historic underinvestment in the North, we can also boost the UK’s overall position in OECD rankings. To drive up much-needed public and private sector investment in innovation and productivity, Government and firms across the North West urgently need to pull in the same direction when it comes to devolution and empowering regions. Firms need a strategy on economic growth which provides clarity on investment intentions in the regions, to enable businesses to make the decisions that can bolster prosperity.” Total managed expenditure by Region 2018/19 to 2020/21 (real terms)
Total managed per person expenditure by Region 2018/19 to 2020/21 (real terms)
Total managed expenditure by Region 2018/19 to 2020/21 (real terms) with Covid Support Scheme expenditure and total health spending removed...
Total managed per person expenditure by region 2018/19 to 2020/21 (real terms) with covid support scheme expenditure and total health spending removed...
The latest version of IPPR North’s levelling-up promises tracker can be found on the IPPR North Twitter feed. You can also find more information on the IPPR North in Numbers website page, by going to:- IPPR.Org/North. Let us know your thoughts on this news topic... Email our Newsroom at:- News24@SouthportReporter.Com or send us a message on:- Facebook or Twitter. To see the latest OECD information for the UK, go to:- OECD.Org
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