Budget 2015: regional developments

Budget 2015: regional developments

There were some positive announcements for the UK’s regions in the chancellor’s speech – although most of them have been announced before

The budget was peppered with funding commitments for the regions as the chancellor sought to spread the country’s economic growth beyond London and the south-east. Unveiling measures that included some reheated pledges, George Osborne said that his ambition for Britain to become the most prosperous world economy should see prosperity “widely shared across our country”.

Particular emphasis was placed on the north, where Osborne has attempted to stake a claim for the Conservatives to be “rebalancing” the nation’s economy by backing devolution and fundraising powers for Manchester and building a “Northern Powerhouse”.

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Source: Guardian Transport

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