£50bn needed to close North South economic gap
Date published: 04 September 2015
Large-scale government capital spending of up to £50bn is needed to close the economic gap between the North and the South, a think tank believes.
IPPR North said the government's Northern Powerhouse strategy could only be "converted to reality" with "substantial investment" and a "step-change" in its commitment to the north.
The analysis focused on the North West, North East, Yorkshire and Humberside.
Called Rhetoric to Reality: A business agenda for the Northern Powerhouse, the study suggested the northern economy could see economic growth on a scale "not seen since the Victorian era of grand municipal development".
http://www.ippr.org/publications/rhetoric-to-reality-a-business-agenda-for-the-northern-powerhouse
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