SOLACE

We have a major opportunity to turn the economic tide

Giving councils statutory powers over economic development alongside the right funding would bring many benefits including helping local areas to create high-quality jobs, attract investment, and turbocharge UK plc, says Graeme McDonald.

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By Graeme McDonald | 05 June 2023

It is now more than 30 years since I studied economics in Leeds. Starting less than a fortnight after ‘Black Wednesday', Nirvana provided a grungy soundtrack to an economy still emerging from recession and inflation over 10%.

Fast forward to the present day and inflation is stubbornly high while the IMF's latest economic forecast expects the economy to only expand by a meagre 0.4% in 2023.

Graeme McDonald

Popular articles by Graeme McDonald

  1. Solace: We want our approach to fit local government now and in the future
  2. Time to change
  3. Putting councils at strategy's core
  4. The new Government has the chance to reboot the long-outdated council finance system

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Graeme McDonald

Popular articles by Graeme McDonald

  1. Solace: We want our approach to fit local government now and in the future
  2. Time to change
  3. Putting councils at strategy's core
  4. The new Government has the chance to reboot the long-outdated council finance system
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