British Business Bank launches sequel to billion pound Northern Powerhouse fund Investment A new fund aiming to invest £660m in companies across the North of England has been launched by the British Business Bank.
The Debate: Should the next government build more new towns? the debate We are in the midst of a housing crisis and Labour has committed to a programme of new towns - so should the UK build more Peterboroughs and Stoke on Trents?
Scrapping HS2 risks wrecking future UK infrastructure, top Tories warn Sunak UK Politics The government risks wrecking the UK’s future infrastructure projects if it goes ahead with “in effect scrapping” the HS2 railway line. Former Chancellor George Osborne and Tory grandee Lord Heseltine have warned Rishi Sunak that failing to complete HS2 would be “an act of huge economic self-harm”. It follows widespread reports the government is considering [...]
KPMG shakes up UK executive committee in line with £300m growth strategy September 1, 2022 KPMG today set out plans to shake up its UK executive committee in line with efforts to bolster high-growth areas of its business by investing £300m over the next three years. The executive reshuffle will see KPMG’s chief financial officer Chris Hearld take the reins from current chief operating officer Tim Jones from 1 October. [...]
MPs furious Northern Powerhouse Rail upgrade will most likely be scaled back November 15, 2021 Reports that rail upgrade plans for the North of England are to be watered down have caused outrage and frustration among a number of MPs. According to the i, the Government is to scale back ambitions for Northern Powerhouse Rail, with proposals to deliver it through track upgrades rather than building a new line. Shadow [...]
IPPR: Investing in the North of England could lead to Victorian-style growth – but without it, it will be “condemned to mediocrity” September 3, 2015 The economy of the North of England could grow at a scale "not seen since the Victorian era of municipal development", a new report has suggested – but without the investment it needs, the region will be "condemned to mediocrity". The report, by the Institute for Public Policy Research (IPPR) North, showed the "massive potential" [...]
Northern Powerhouse: Foreign investors already know there are better opportunities in the North of England – now it’s time for Londoners to wake up to reality September 3, 2015 Any wise investor, entrepreneur or business leader knows that along with good ideas, capital constitutes the building blocks of economic growth. This means, of course, that an area needs plenty of financial capital to progress. But there are many different types of capital, and in the UK over the last 40 years there has [...]
Forget nationalisation: UK railways need a radical dose of devolution August 12, 2015 It's been a torrid time for Britain’s railways lately. In the last six months – as many a hard-pressed City A.M. commuter will know – there have been bad tempered strikes on the Tube and commuter railways. Channel Tunnel trains have had to run the gauntlet of tyre-burning port workers in Calais as well as [...]
George Osborne’s train named Northern Powerhouse breaks down three times in four months July 21, 2015 Is the Northern Powerhouse running out of steam already? Back in March chancellor George Osborne renamed a refurbished Class 319 electric train operated by Northern Rail, the 'Northern Powerhouse' – supposedly as a symbol of the transformation he is pushing for northern England with his multi-billion Northern Powerhouse project. But the train has broken down [...]
Budget 2015: Why tech startups based in the “Northern Powerhouse” were left disappointed with George Osborne July 10, 2015 A whopping £100bn. That’s what the digital industry contributes to the UK economy. A thriving industry and a significant driver of UK economic growth, the digital economy is growing faster than the average of 8.1% across the G20 countries and is expected to grow at 11% a year this decade. Read more: These are the [...]