Published: 14th Sep 2016

The launch last month of the government’s new economy and industrial committee – tasked by Theresa May with driving growth ‘up and down the country’ – marked the first shift in economic policy and devolution under the new prime minister. As the new government decides what policies to keep, what to jettison and what to add, here are five ideas about a new devolution strategy that should be integral part of a new approach to economic growth and industrial policy. Ensure industrial policy makes the most of cities and city regions, which are best placed to boost economic growth and productivity To drive economic growth, the government must boost big city regions. Manchester’s 1% increase in tax revenue over the last decade was nearly as big as the tax generated by the 10 fastest growing smaller cities, demonstrating the critical role that major city regions (including their suburban and outlying … (To read the full article, subscribe below)