Tag Archives: city deal

The Independent View: Without thriving city economies, there can be no sustained national recovery

New Skyscraper Under ConstructionThis year, George Osborne delivered his Budget against a backdrop of better than expected growth, higher than expected employment, and a deficit reduction plan that exceeded previous OBR forecasts.

His speech, unsurprisingly, made much of the success of the “long-term economic plan delivered by a coalition Government and a Conservative Chancellor”. Yet the fact that our cities still lack the powers they need to fulfil their economic potential, and drive growth locally, will constrain future growth for large parts of the UK economy.

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Nick Clegg’s Letter from the Leader: “Our central purpose: Getting the economy back on track”

This week was the week of the Comprehensive Spending Review. Perhaps more importantly for the Coalition’s self-confidence was the erasure from the economic records of the double-dip recession. Nick’s letter this week is bullish about the Lib Dems’ record on the economy: “Creating jobs. Stopping the build up of Labour’s unsustainable debts. Getting the economy back on track”. It is also savage of Labour’s record, not just in government but their last three years in opposition, too: “They don’t have a credible economic plan and it’s no wonder people don’t trust them with their money.”

Combine this with Danny Alexander’s assault on Labour’s pensions policy and David Laws’ publication of that infamous hand-written note by Liam “there’s no money” Byrne, and it’s clear the party is upping the ante in taking the fight to Labour (ironically as Labour continues moving its position closer to the Lib Dems’).

Here’s Nick’s letter in full…

libdem letter from nick clegg

Money, jobs and investment dominated the agenda this week. On Wednesday, the chancellor set out details of the Spending Round: the last set of savings we will have to announce in this Parliament. On Thursday, Danny Alexander followed up by announcing massive new investment in our roads, rail, housing and infrastructure.

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The Independent View: What does the Spending Review mean for UK cities?

This week’s announcements were both a preview of the coalition’s spending plans for 2015/16 and a sign of the government’s direction of travel. For cities, the spending review was mixed. Despite the Government delivering the Single Local Growth Fund devolution was fairly limited, with an emphasis on central government control rather than local autonomy, and most of the policy announcements lacked a focus on ‘place’.

Wednesday’s announcement of the Single Local Growth Fund was an important move towards greater localism, but the allocation of £2bn a year for five years was paltry compared with the £49bn over four years Heseltine …

Posted in The Independent View | Also tagged , , , , , and | 3 Comments
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