• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Economics

Osborne’s Northern Powerhouse has failed, figures show

By Joe Mellor, Deputy Editor It looks like the Chancellor’s much heralded “Northern Powerhouse,” is not quite going according to plan, which may come as not much of a surprise to people living there. Osborne will be saddened to hear that more start-ups were launched in a single London postcode than in every city and […]

Joe Mellor by Joe Mellor
2016-02-23 16:21
in Economics, News, Politics
FacebookTwitterLinkedinEmailWhatsapp

By Joe Mellor, Deputy Editor

It looks like the Chancellor’s much heralded “Northern Powerhouse,” is not quite going according to plan, which may come as not much of a surprise to people living there.

Osborne will be saddened to hear that more start-ups were launched in a single London postcode than in every city and town in Yorkshire.

The capital’s Silicon Roundabout, the UK’s tech hub, created 10,280 start-ups in 2014-15. Conversely, last year Yorkshire and Humberside saw 9,562 start-ups, while the North East only generated 7,162.

The inability to grow hi-tech businesses outside of the capital will only widen the UK “digital divide.” It was hoped that the North of England could replace jobs lost in traditional industries, steel for example, with cutting edge technology roles, but this isn’t happening at the rate hoped.

In a speech this evening the former Labour leadership contender Yvette Cooper is expected to say: “Work is changing fast but politics is being left behind. Politicians and public policy makers are analogue in a digital age, task rabbits caught in the headlights.

“There are some amazing new opportunities thanks to fast moving technology – but inequality is widening and new injustice and exploitation is growing. There were more new start-ups and tech jobs in one narrow London postcode than in all the towns in Yorkshire put together.”

RelatedPosts

Liz Truss ‘snubbing farmers’ by skipping rural hustings

GB News is raking it in – and hiring lots of new talking heads

45 million Brits will be plunged into fuel poverty this winter

Jeremy Corbyn spotted on picket line with swollen lips and black eye

Cooper will make these points as she is unveiled as chairman of the Centre for Changing Work set up by the Fabian Society and Community Union.

She is also expected to say: “Right now we aren’t offering enough hope to those who want new opportunities or security to those who feel threatened by change.

“Much as we may argue amongst ourselves about whether we are too right wing or too left wing, the right question is whether our whole labour movement is being left behind.”

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Van Dijk no problem with new tactics but Klopp wants MORE from side

Sovereignty by Rhys Hagan

The Queen joins procession as Prince Philip’s funeral service begins

Five of the most famous movie locations in Hawaii

Latest shocking Tory racist remark: MP allegedly made comment at reception to honour St John Ambulance

Politicians with ‘poor ethical standards’ should face tougher sanctions – in wake of Cameron lobbying scandal

Rollout of universal credit drives an “unprecedented rise” in demand for food banks

Statue of first female MP to sit in Parliament vandalised with Nazi graffiti

Horrible Bosses 2 – Review

Restaurant Review: Casa do Frango

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.