Burnham's Manchesterism could change the UK, but is not yet a full economic plan
Summary
Andy Burnham, the departing mayor of Greater Manchester, spoke about shifting power from the central UK government to cities and regions to help improve the economy. While he offered broad ideas on business, housing, education, and infrastructure, he did not provide a detailed economic plan with specific tax or spending levels.Key Facts
- Andy Burnham called for more power for cities and regions in the UK, similar to other advanced countries.
- He criticized the UK government for focusing on arguments instead of real economic change.
- Burnham shared his past experience where a big northern infrastructure project was stopped due to cost rules.
- His speech did not include detailed plans on taxes, investments, or strategies for trade and technology.
- Burnham said he will follow current government borrowing rules and support reviews aimed at improving young people’s employment.
- His plan has five parts, including devolution of power and an industrial strategy.
- Questions remain about how Burnham will handle welfare spending and Brexit-related trade issues.
- The announcement of his choice for chancellor will come in three weeks.
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