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'chronic' Underinvestment In North

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The UK loses billions of pounds every year because of poor investment in transport and broadband, according to a new report.

The RSA City Growth Commission claims the economy has seen 5% less growth per year between 2000 and 2010 as a result of "chronic" underinvestment outside London.

It urges an overhaul of transport, housing and broadband provision.

Northern UK cities should be prioritised. [more at link]

http://www.bbc.co.uk/news/business-28319739

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The report suggests the government should give regional conurbations more say in national policy making and put transport and broadband between regional cities at the heart of investment.

"For too long our cities have not had a seat at the table and this has been to the detriment of northern metros in particular, as well as the economic growth of the UK economy as a whole," said commission chair, Jim O'Neill, the former Goldman Sachs chief economist.

It's not as if transport links and broadband are non-existent or even that much out of date. Although up to a point more of everything is usually welcome if someone else is prepared to pay for it and take on more debt for it (along with hefty profits for the cronies) but as usual there are no real details of how, for example, more transport might impact on things other than transport.

A former squid so it sounds like more debt on top of more debt again.

More housing will be needed if the the official population predictions are correct - but not just the North. It doesn't need a so called growth commission to know that.

No mention of the ever increasing population and congestion. That side of the equation always seems to be ignored and just accepted in such articles. The idea of travelling faster and faster between traffic jams has been around for decades but that still gets worse and worse year on year no matter how much more transport investment there is.

Interestingly no mention in the article about how to rebalance the economy either in the South, Midlands, North or anywhere else for that matter - or whether their proposals will ever achieve that result.

Edited by billybong

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The UK loses billions of pounds ... as a result of "chronic" underinvestment outside London.[/url]

Why is the BBC article headline making out an underinvestment in the North when the article mentions underinvestment outside London. That would make a much better headline.

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Why is the BBC article headline making out an underinvestment in the North when the article mentions underinvestment outside London. That would make a much better headline.

Isn't North of Watford the "North" now.

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Umm well, since moving to the North I've had the best broadband ever. Currently 150+ Mbps via Virgin's fibre optic service. My broadband in London was always pretty marginal, my biggest mistake being to move to a former industrial area at the wrong end of the Royal Docks where the copper quality was so poor, BT couldn't even provide ISDN.

We have plenty of potential transport infrastucture across the Pennines, but a lot was ripped out during de-industrialisation. We have tunnels to spare under the Pennines (Standedge and Woodhead) railways became single track etc..

But I dare say they would rather build 'Crossrail 2' rather than put those to use.

Edited by aSecureTenant

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Isn't North of Watford the "North" now.

500 Meters North of Cockfosters was always the North to us North London Monkeys....Watford was practically the Scottish border!

Seriously though, I think rebalancing will start to happen naturally. Manchester in particular is attracting a lot of interest from my (52) boomer generation.It helps that my daughter is at Uni there and both my wife and worked for companies headquartered there in the 80's.Thoughts are a place with easy access to North Wales or an apartment right in the middle with a South coast house. We will visit London like everyone else.

As is often spat out on here :) We have disposable incomes and intend working for a while yet. Looking back on it this whole London Centric thing is really late nineties onwards. It never felt like that in the eighties.

Interesting post re the golf clubs, I think anyone assuming this 'cohort' will take the standard route when they downsize (Spain or the South coast) might be mistaken like anything else now, new patterns will emerge.

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Please would someone tell Manchester about the lack of investment leading to low or no growth? Nobody there seems to have noticed.

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