Ending the regional divide

posted by
August 11, 2011
Adam Smith Institute
by Eamonn Butler  
Posted in Commentary

"If nobody is borrowing because they are unsure about the future, that is bad news for the financial sector, and for housing and construction. So that's a blow to the South East. But then a low pound makes things easier for our manufacturing exporters, who are concentrated in the Midlands, Wales, Yorkshire/Humberside and the North East. By those standards, the South should be in decline and the North should be booming. But they're not." (08/11/11)


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