Earlier quoted context omitted.
What policy would benefit the north, without (even further) subsidising it? If we could invest £10Bn and get £20Bn back for the economy with our money back over time then not a single politician would turn that down, there's actually been a load of support over the past ~5+ years for "levelling up" (AKA investment in the north) but we've not invested much because the returns are abysmal. Meanwhile there's a whole sta…
The reason for investing in the North is pretty simple: people live there. We have three options: do something productive with he area, do nothing and continue to pay for its decline, or move all the people to London and let house prices rise accordingly. What you said about first mover advantage rings true here. We can either pick the most developed city and devote resources elusively that area, or we can accept a p…
I mean that kind of genuinely, I see your point, but good luck trying that argument on the treasury.
It's a fact that they're subsidised. They have regional mayors, do you think a devolved solution for each northern city is really reasonable or desirable? If we think it's desirable and will stop them being subsidised then why hasn't it worked for Scotland, Wales or NI? All of which take more than they put it.