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Northerners ‘£2,300 worse off’ than rest of UK
“These figures show the Northern Powerhouse has a long way to go before people in the North feel the benefit of a stronger regional economy,” said Luke Raikes, research fellow at IPPR North. He added that the region would be unable to escape historic under performance of its economy without a “step change in policy.” [...] “The North should pursue growth and prosperity built on higher wages, more jobs and stronger productivity – not simply try to catch up to London and the South East, where the type of economic growth they’ve experienced has created high levels of inequality and left many behind. “The Northern Powerhouse will be meaningless for the people who live and work in the North unless the economic growth it generates reaches their pockets.”
Manchester  Nothern  Powerhouse  UK  disposable  income  discretionary  spending  industrial  policy  ecosystem  economies  of  agglomeration  urbanisation  urban  planning  Westminster  London  London  Start-up  Scene 
august 2015 by asterisk2a

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