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| Ed Miliband: Labour government would give British towns £4bn a year to boost jobs and growth | |
| (about 7 hours later) | |
| Britain’s major towns and cities would be handed £4 billion a year to boost jobs and growth by a Labour government, Ed Miliband will announce on Tuesday. | |
| Speaking in Birmingham, the Labour leader will promise the biggest devolution of power from Whitehall for a hundred years. Local authorities and business would join forces to create “hundreds of thousands of high-skilled, high-paid private sector jobs” and bridge the north-south divide. | Speaking in Birmingham, the Labour leader will promise the biggest devolution of power from Whitehall for a hundred years. Local authorities and business would join forces to create “hundreds of thousands of high-skilled, high-paid private sector jobs” and bridge the north-south divide. |
| Labour would double the £2 billion a year earmarked for local growth projects by the Coalition. Local enterprise partnerships [LEPs] based on city and county regions would have £20 billion over a five-year parliament to invest in transport, housing, infrastructure, training and apprenticeships and would play a key role in running the Work Programme for the unemployed. | Labour would double the £2 billion a year earmarked for local growth projects by the Coalition. Local enterprise partnerships [LEPs] based on city and county regions would have £20 billion over a five-year parliament to invest in transport, housing, infrastructure, training and apprenticeships and would play a key role in running the Work Programme for the unemployed. |
| Mr Miliband has written to every council leader, LEP and university asking them to prepare to implement swiftly an interim “growth plan” published today by Lord Adonis, Labour’s former Transport Secretary. “The country that one built its prosperity on the great towns and cities, like Birmingham, Bristol, Liverpool, Manchester, Glasgow and Cardiff, has become a country which builds its prosperity far too much in one city – London,” Mr Miliband will say. | Mr Miliband has written to every council leader, LEP and university asking them to prepare to implement swiftly an interim “growth plan” published today by Lord Adonis, Labour’s former Transport Secretary. “The country that one built its prosperity on the great towns and cities, like Birmingham, Bristol, Liverpool, Manchester, Glasgow and Cardiff, has become a country which builds its prosperity far too much in one city – London,” Mr Miliband will say. |
| The Labour leader will argue that devolving power to towns and cities will play a crucial role in improving productivity and restoring the link between growth and living standards. Without such action, middle income salaries will continue to lag behind growth for years to come, he will warn. | The Labour leader will argue that devolving power to towns and cities will play a crucial role in improving productivity and restoring the link between growth and living standards. Without such action, middle income salaries will continue to lag behind growth for years to come, he will warn. |
| Under Labour’s plan, towns and cities would be given financial incentives to “share the proceeds of growth” in their area. | Under Labour’s plan, towns and cities would be given financial incentives to “share the proceeds of growth” in their area. |
| Grant Shapps, the Conservative Party chairman, challenged Labour to say where the £2 billion a year would be found. He said: “Once again Ed Miliband is talking about a problem which the Labour Government – that he was at the centre of – created. Labour’s Great Recession made people who work hard poorer, and their unbalanced economy saw just one job created in the North and Midlands for every ten created in the South.” | Grant Shapps, the Conservative Party chairman, challenged Labour to say where the £2 billion a year would be found. He said: “Once again Ed Miliband is talking about a problem which the Labour Government – that he was at the centre of – created. Labour’s Great Recession made people who work hard poorer, and their unbalanced economy saw just one job created in the North and Midlands for every ten created in the South.” |