Striking a balance
There is an imbalance in the UK economy, as commercial activity is heavily skewed towards London and the Southeast. Increased devolution is desirable, but may not lead to stronger businesses in all regions, argues Ross Campbell.
In the latest blog in our online debate series on ‘Public Finance Choices for the Left’, Ross Campbell, ICAEW’s Director of Public Sector, argues that increased devolution is desirable, but may not lead to stronger businesses in all regions. Considerable central government intervention will be required to level the playing field.
There is a significant prospect of a Labour government in the next few years – and of one that is not afraid of challenging the public policy orthodoxies of the recent past. The ‘Public Finance Choices for the Left’ project will explore the public finance dilemmas and options which might face an incoming government, in anticipation that Labour ministers may soon be in power.
Read more about the project here.
