George Osborne's failure to take responsibility for his actions is
breathtaking. The withdrawal of public sector funding was
disproportionally targeted at the North East, undermining any chance of a
private sector revival. The abolition of One North East, the most
successful Regional Development Agency in the UK was an act of vandalism
that lost this Region a major driver for growth, One North East had a
gearing ratio of 8 to 1 (private sector investment of £8 for every £1 of
public sector money) and was delivering new jobs and opportunities up
to the day the Tory's shut it down. The reality is that policy driven
from London cannot appreciate the needs of the North East, or understand
the economic infrastructure that is waiting to grow. The LEPs that they
created to replace RDAs cover too small a geographic area to have any
impact, and the decision by 7 North East Council's to merge these
functions is an important step forward in freeing the North East from
'remote control' from London and creating an environment for innovation
and growth. Mr Osborne, you are the primary cause of the economic woes
of this country, having snuffed out the recovery with a string of
ill-thought out policies that has delivered zero growth for 3 years. If
you want to really help, then leave the North-East alone.
[in response to press release from Osborne stating that more needs to be done for the North East]
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