Powers as well as pounds

Jessica Bowles, director of strategy, Bruntwood reacts to Boris Johnson's spending pledges

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“For our regional economies, it’s about powers as well as pounds. Further devolution is mission critical to ensuring the Government's investment in the recovery is effective and long-lasting.

“Many city regions, like Liverpool, Greater Manchester, Leeds and the West Midlands, have been preparing long-term recovery plans for how they’d use new funding, and flex existing funds, to create sustainable growth and jobs. Local decisions, with public and private sector working together, will guarantee a better return on investment.

“Infrastructure projects will catch the eye but previous commitments to areas like research and development expenditure - to help the UK meet the OECD average of 2.4% of GDP by 2027 - are vital to our long-term competitiveness but need to be rebalanced to regions with significant potential outside of the South East of England.

"If our regional towns and cities succeed the UK will succeed.”

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