Now empower Yorkshire’s entrepreneurs – The Yorkshire Post says

IT is important to place the GDP figures in perspective after confirmation that the UK economy shrank by one fifth in April – the first full month of lockdown.
Chancellor Rishi Sunak.Chancellor Rishi Sunak.
Chancellor Rishi Sunak.

The consequences of shutting down one of the world’s great economies overnight were going to be cataclysmic and the record 20.4 per cent slump confirms this.

But it could have been even worse if Richmond MP Rishi Sunak, who only became Chancellor weeks before the Covid-19 pandemic struck Britain, had not acted so decisively – a welcome contrast to the dithering of some Ministers.

Hide Ad
Hide Ad

And while there are genuine concerns that businesses promised loans, and other support, have still to receive assistance, Mr Sunak’s pioneering policy of ‘furlough’ – effectively the state subsidy of wages – did buy the country time.

The UK economy shrank by 20 per cent in April.The UK economy shrank by 20 per cent in April.
The UK economy shrank by 20 per cent in April.

Now this time has to be put to use, namely rebuilding the economy, getting people back into work and reopening schools, rather than debating whether a marginal difference to jobs could have been made if the Chancellor had acted differently. Here Mr Sunak should draw inspiration from the ingenuity of Yorkshire’s innovators and inventors who say the longer-term focus needs to be on investment and infrastructure.

They’re right. Ministers can’t micro-manage every store or businesses reopening on the high street – local leaders have to play their part as the lockdown is eased back

But, by bringing forward plans to invest in the UK’s infrastructure, Ministers are, in fact, supporting local communities by demonstrating their confidence in Britain’s ability to bounce back swiftly from the sharpest recession in history.

Hide Ad
Hide Ad

And it is to be hoped that Mr Sunak chooses now to embrace the expertise that exists in Yorkshire and empowers industrialists – people who also steeped in logistics – to get Britain back on its feet as expeditiously as possible.

What should the Government do to boost the economy?What should the Government do to boost the economy?
What should the Government do to boost the economy?

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.

Hide Ad
Hide Ad

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

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.