I am sure that some people will think that I am least slightly crackpot when I suggest that Liverpool could have its own bank. But we could and in my opinion we should. Liverpool alone as a council has £1.3bn washing through its accounts each year. We have at any one time in our own right or in our management £100,000,000 of medium and short-term investment. Just think what those figures would look like if we added in the turnover and short and medium term assets of the other five Merseyside councils.
North West Archives - Page 18 of 18 - NewStart
This week, as one of Britain’s wealthiest entrepreneurs gives us his self-help message - a peculiarly ironic statement in England’s most deprived city -, I’ll be taking it with a large pinch of salt.
Let’s not forget the real problem here, it’s not the north – it’s UK’s economic centralism. Thus, this shouldn't be about just flying the flag for England's north but about standing up against economic centralism and bringing about fundamental economic change and a new economic localism.