In late 2014, the Cameron-led UK Government announced its flagship Northern Powerhouse initiative. City regions were to be given more ‘powers’ to develop initiatives in their local areas, in order to regenerate city economies, which for many years lagged behind in terms of growth and prosperity.
As the world still reels from Trump's victory in the US and the summer of Brexit, the narrative of people feeling angry and left behind by economic growth has featured prominently in commentaries attempting to explain the seismic events of 2016.
Since the financial crisis of 2007-8 the UK economy has grown, but not all have shared in this growth. Since 2008 there has been a marked increase in those on low pay (measured as below two-thirds of the median wage). Growth rates between city regions have also diverged since the financial crisis. For example, between 1998 and 2007 income per capita in Sheffield City Region grew at around the same rate as London (albeit from much lower base); but from 2008-2014 GVA per capita rates diverged with London growing twice as fast in real terms as Sheffield City Region.
Devolution for the North after Brexit - Why it's Now More Important than Ever Since 2010, colleagues and I in Councils across the North of England have been working with the Government to design and deliver devolved powers for our economy and our towns and cities, through city deals and other devolution agreements. The process … Continue reading Devolution for the North after Brexit – Why it’s Now More Important than Ever