Read the Mancunian Way newsletter for Friday September 23, 2022.
Keep up to date with all the big stories from across Greater Manchester in the daily Mancunian Way newsletter. You can receive the newsletter direct to your inbox every weekday by signing up right here.‘Thatcher Max’. ‘The Bankers' Budget’. The reaction to Kwasi Kwarteng’s so-called mini-budget has not been so positive here in Greater Manchester.
Shadow Levelling Up secretary and Wigan MP Lisa Nandy said it spells a transfer of wealth from the North and Midlands to London. “The tax cut for the wealthiest costs £2.3bn this year. That’s more than the entire Levelling Up Fund given out so far,” she tweeted. Northern Powerhouse Rail and a number of Safer Road Schemes in Greater Manchester are on a list of infrastructure projects listed in the government’s Growth Plan that could begin by the end of 2023.
Andy Burnham says leaders are ‘open-minded’ but there are concerns the policy has potential to ‘displace’ investment. Dr Gordon Fletcher, of Salford University’s Business School, says hopes of continuing to develop high-tech sectors here 'could be at risk of being displaced to cheaper locations across the Pennines, or down the M6'.
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