Our Senior Economist Paul Swinney writes in the Guardian on why London, Milton Keynes, Cambridge, Aberdeen and Coventry have led the way in economic growth in the past decade.
The past decade has seen both boom and bust, and a raft of policies under successive governments to encourage economic growth in UK cities. Five cities have steamed ahead during this time, on the back of their dynamic and innovative economies, leading the way in growth in jobs, businesses and population.
Read the rest of the article on the GuardianĀ Public Leaders Network.
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Robin Spragg
These results are hardly surprising, and are no different from previous decades. They are the result of over-centralisation and micro-management from afar.
How do you change it when all Government and all private company headquarters have been established in one remote city in the far south-east? You use new communication technologies to de-centralise Government to be based in all the major cities, give those cities power and resources to make their own economic decisions, and ensure that the trend for any new economic development to locate in the south east is blocked.