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The Emergency Budget has set out a tough new package of spending cuts and tax increases. We have identified the major themes relevant to cities.
The Emergency Budget has set out a tough new package of spending cuts and tax increases. In its ‘unavoidable’ Budget, the Coalition provided the headline details on how it will reduce the deficit. It also began to outline its vision for how it intends to rebalance the economy.
The Chancellor quoted one of the key statistics from our recent Private Sector Citiesreport in his speech: for every new private sector job created in the North and Midlands between 1998 and 2008, ten were created in London and the South.