North has missed out on £63bn over 10 years due to chronic underfunding

[SydneyRover]

North has missed out on £63bn over 10 years due to chronic underfunding, thinktank says,

And this is only transport, what about spending in other parts of the budget?


https://www.theguardian.com/politics/2018/aug/01/transport-spending-gap-london-north-of-england-ippr

[hoolahoop]

North has missed out on £63bn over 10 years due to chronic underfunding, thinktank says,

And this is only transport, what about spending in other parts of the budget?


https://www.theguardian.com/politics/2018/aug/01/transport-spending-gap-london-north-of-england-ippr

Must point out here that but for EU Re- Development  funding the gap would be so much wider . Look around you though fewer signs remain now .   

[Glyn_Wigley]

Northern Powerhouse? Northern Workhouse more like.

[DonnyOsmond]

[big fat yorkshire pudding]

Northern Powerhouse? Northern Workhouse more like.

Nothing actually wrong with that..but he government could and should invest more in failing infrastructure and change some laws.

E.g. new developments of housing should be forced to have fibre internet, doctors facilities etc.

Failing roads and railways should be developed.  Pacers and the ridiculous time to travel cross penines for example.

Tax breaks in struggling areas for business to attract new investment. This does happen but not enough.

3 very easy things there. Some things are nice to haves but some things are ridiculous.

[hoolahoop]

Northern Powerhouse? Northern Workhouse more like.

Nothing actually wrong with that..but he government could and should invest more in failing infrastructure and change some laws.

E.g. new developments of housing should be forced to have fibre internet, doctors facilities etc.

Failing roads and railways should be developed.  Pacers and the ridiculous time to travel cross penines for example.

Tax breaks in struggling areas for business to attract new investment. This does happen but not enough.

3 very easy things there. Some things are nice to haves but some things are ridiculous.

Like this post Andy and would add compulsory re-cycling of waste water,  estates should be self- sufficient in electricity supply ( wind/energy supply
), should have solar panels, should have " green areas " to maintain the air quality.

[BillyStubbsTears]

BFYP

This Govt has missed out on nearly a decade during which interest rates have been at or lower than inflation.

In other words, it could have borrowed to re-build infrastructure at zero real cost. And the multiplier effect means that every pound it borrowed and spent would not only have improved our infrastructure, it would have boosted our GDP by much more than £1. Because it would have put wages into workers’ pockets who would have spent it and boosted other sectors etc etc.

Textbook economics that is taught to undergraduates. And it’s been totally ignored by the Government who have been on the wrong side of the economic argument for a decade. This is a missed opportunity of historic proportions.