Empower regions to lead recovery as UK faces major recession: The Yorkshire Post says

Confirmation from Chancellor Rishi Sunak that the UK is in the midst of a significant recession comes as absolutely no surprise.
Chancellor of the Exchequer Rishi Sunak leaves Downing Street ahead of a government Cobra meeting on March 9, 2020. (Photo by Chris J Ratcliffe/Getty Images)Chancellor of the Exchequer Rishi Sunak leaves Downing Street ahead of a government Cobra meeting on March 9, 2020. (Photo by Chris J Ratcliffe/Getty Images)
Chancellor of the Exchequer Rishi Sunak leaves Downing Street ahead of a government Cobra meeting on March 9, 2020. (Photo by Chris J Ratcliffe/Getty Images)

The unprecedented rescue package that has been delivered to save as many jobs and businesses as possible at a vast cost to the public purse was undoubtedly the right thing to do for the country in response to the coronavirus crisis and should hopefully hasten an eventual economic recovery.

But the unavoidable reality is that spending has dried up, companies are collapsing and many jobs will not return.

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The scale of the crisis has been underlined by a leaked Treasury document estimating the UK’s deficit could reach £337bn this year because of the pandemic, compared to the forecast £55bn in March’s Budget.

It is in this context that the Chancellor and his colleagues in the Cabinet should pay great attention to the clarion call from Doncaster Chamber’s chief executive Dan Fell published in today’s The Yorkshire Post which says “devolution on steroids” is now needed in the North to help get the national economy back off its knees.

With positive developments on devolution in Yorkshire in the months before the pandemic put ordinary life and the usual approach to politics on hold, now is the time to step up measures to give powers and financial backing to the North.

While Boris Johnson’s appetite to move forward may be more reluctant than it once was – both from a perspective of freeing up more money from investment and equally having seen the devolved leaders of Wales, Scotland and Northern Ireland decide to diverge from his plan to ease lockdown restrictions – he must remember one of the key promises he was elected on was that of ‘levelling up’ the country.

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‘Big Government’ has been needed to provide a national rescue package during this unprecedented crisis, now it is time to help recovery be led from the regions.

Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.

Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.

And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.

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Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected]. Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.

If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.

Sincerely. Thank you.

James Mitchinson

Editor

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