Big cities, big potential: The Spending Review rightly prioritises urban growth
The Spending Review empowers UK city regions with transport and innovation funding to boost productivity and drive national economic growth, says Andrew Carter
The Chancellor’s Spending Review rightly puts big cities at the centre of a plan for broad-based, long-term national prosperity.
The UK’s big cities’ economies have tended to underperform, costing the country £50bn in lost economic output a year, and lowering living standards everywhere in the country.
This underperformance is unusual. Big cities in G7 countries like Hamburg and Lyon are typically the driving forces of their national economies but in Britain that is not the case.
So the © City A.M.
