Regional leaders are set to play a pivotal role in shaping the UK's economic policy, as Andy Burnham, the Mayor of Greater Manchester, announces the revival of the national economic council. Established by former Prime Minister Gordon Brown in 2008 to tackle the financial crisis, the council is being revamped to address the pressing need for economic growth in the UK. Burnham, speaking at the opening of the new No 10 North headquarters, hailed the move as a "biggest rebalancing of power" in the country's history, suggesting that sharing power between regional leaders and the central government can benefit everyone involved. With the council's revival, regional mayors will be given a leading role in driving economic growth, and experts are watching closely to see how this new approach will impact the UK's economic trajectory.
Burnham says ‘no one in government loses when power is shared’ as he revives Brown-era national economic councilIt’s not just a No 10 in the north, it’s an engine for growth throughout the whole UK | Andy BurnhamRegional mayors are to be given a leading role in the UK’s economic policy, Andy Burnham has said, as he called the opening of No 10 North “the biggest rebalancing of power our country has seen”.The new prime minister has revived the national economic council [NEC], first set up by Gordon Brown to put the government on a war footing during the 2008 financial crash, arguing that economic growth requires the same level of urgency, focus and collective action. Continue reading...
