While the Autumn Statement offered little encouragement for those eager to hear detail on regional devolution, the Chancellor’s speech provided a number of givaways for the Northern city
The Chancellor has shown his cards ahead of next May’s General Election with an aspiring Manchester arguably the greatest winner from the Autumn Statement, according to KPMG.
While the Autumn Statement offered little encouragement for those eager to hear detail on regional devolution, the Chancellor’s speech provided a number of giveaways for the Northern city, including funding for a £78m theatre development and its own £235m science research centre.
Jon Holt, Office Senior Partner at KPMG in Manchester, said: “If you are a theatre-going engineer in Manchester, who runs an exporting hi-tech SME or retailer, and planning to delve into the property market, this was an Autumn Statement just for you. Mancunians from Didsbury to Droylsden, and those from the City’s commuter belt in areas such as the Chancellor’s own constituency in Tatton, will no doubt have a spring in their step after today’s announcement.
“It is clear that the UK city regions must follow Manchester’s lead, take charge of their own destiny and forge their own path to devolution and economic independence from the capital. Following significant infrastructure funding in road and rail, Manchester must now see through its devolution journey, whatever the result in the general election, and make the most of this boost in investment.”
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Alastair Henry, Citypress (on behalf of KPMG)
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