• 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 Politics

Red Wall MPs call on government to mirror Thatcher’s radicalism by unleashing “Northern Big Bang”

The NRG say it would bring new opportunities and economic growth like it did in London and the South East.

Jack Peat by Jack Peat
2021-02-15 11:25
in Politics
FacebookTwitterLinkedinEmailWhatsapp

Red Wall MPs have chosen an unfortunate analogy to petition the government for new investment into the Northern economy.

Channelling their inner Thatcher, members of the Northern Research Group (NRG) called for Tory big wigs to mirror their former leader’s radicalism by unleashing a new ‘Northern Big Bang’ to unlock billions in private investment.

They say such a move could echo the deregulation of the City of London in the 1980s to deliver opportunity and prosperity, but many people in the north wont be happy with the association.

During the economic turmoil of the 1970s and the deep recession that proceeded it the north was hardest hit by economic restructuring and deindustrialisation.

The Conservative Party under the leadership of Thatcher became associated with neo-Liberal economic policies that many regarded as the solution to Britain’s economic problems.

Others saw them as legitimising the mass unemployment of the era.

Radical agenda

In a report written with the Centre for Policy Studies think tank, the NRG said the government now needed to match the “radicalism” of voters who backed the Conservatives for the first time with a radical agenda of its own.

RelatedPosts

No hosepipe ban at Downing Street, despite Tory calls for rations

NHS waiting list hits record high as backlog soars by 100,000

Finally! Labour set to unveil long-awaited cost-of-living policy

100,000 Brits have pledged to stop paying their energy bills

“The aim of a Northern Big Bang should be to unleash a torrent of investment into the Northern economy, to deliver the productivity gains, economic growth and higher wages that are so desperately needed,” it said.

“These proposals, and that investment, can help create a Northern Big Bang, comparable to the 1980s Big Bang in the City of London, which did so much to bring new opportunities and economic growth in London and the South East.”

The report’s recommendations include cash incentives for investors to spur a “green industrial revolution”, fast-tracking major planning applications with decisions in “weeks not years” and updating pension scheme rules to encourage more investment in northern infrastructure.

It called also for the creations of a new northern infrastructure bond aimed at global investors with a northern recovery bond to allow local investors to support growth and a new growth board for the North to help steer investment.

The report said the various proposals put together had the potential to unlock billions of pounds of private sector investment in the region.

Home of the green industrial revolution

“There is a particular opportunity to make the North the home of the green industrial revolution which the prime minister, Boris Johnson, has called for,” it said.

“The innovation and technology which will allow us to achieve our net-zero ambitions need to be inculcated somewhere, and the North of England is the most obvious place, given its manufacturing strengths and industrial pedigree.”

NRG chairman Jake Berry said: “At the last election millions of northern voters broke with tradition by voting for the Conservative Party, in many cases for the first time.

“The prime minister needs to recognise that they did so not only to deliver Brexit, but to voice the systemic disadvantages felt in many communities that were tired of being neglected in favour of London and the South East.

“The measures we have put forward will help the prime minister and this government to ‘level up’ the economy and help make the North build back better as one of the most investable places in modern times.”

Related: Tory MP ruthlessly mocks ‘Boris burrow’ plans connecting Scotland and N Ireland

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

Sparkcentral Changing How Brands Better Service Their Customers

In Pictures: Autumn Has Arrived

Prince Andrew subjecting Epstein victims to torture test

Stephen Fry Leads Campaign to Speed up the Reporting of Missing Children

Neo-Nazi couple who named baby son after Adolf Hitler facing jail

Several injured as car hits crowd at German carnival

Reactions as #ToryCovidCatastrophe trends & PM is sunning himself in Marbella

Rocky planet 124 light years away ‘could have right conditions to sustain life’

Family of mum have hit out at “sorry” state of NHS after over two hour wait for ambulance

Conservative lead slashed to 3 points as Starmer calls on Labour to modernise

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.