Rebalancing Regional Economies
Debate between Andy MacNae and Perran Moon(3 days, 15 hours ago)
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Andy MacNae
I thank my hon. Friend for that intervention. That is largely the point: we must rebalance our economies by bridging the productivity gap between our cities, including our northern cities, and the rest of the country. At the same time, though, we must make sure that that growth in cities such as Manchester, which in many ways is doing great, is felt in Lancashire and other places at the same time.
Perran Moon (Camborne and Redruth) (Lab)
I thank my hon. Friend for securing this important debate. My point is similar to that of the hon. Member for Tiverton and Minehead (Rachel Gilmour). We often discuss the rebalancing of regional economies in terms of urban versus rural or north versus south, but does my hon. Friend agree that we must consider more nuanced geographical and socioeconomic factors, including those of communities in remote coastal areas such as Cornwall, whose characteristics differ substantially from inland rural communities on issues such as non-resident population, the cost of beach safety, the ability to attract construction workers and, of course, a massive challenge with housing costs?
Andy MacNae
I entirely agree with my hon. Friend. Indeed, the requirement for bespoke interventions is the thrust of the latter parts of my speech.
Whether places such as Bacup feel the benefit of Government interventions is a test for whether we are delivering growth for all. The last Government failed spectacularly in this challenge and, if we are to avoid the same fate, we must do things differently.