I’m struggling to understand the point of this article. It seems that Andy Burnham has appreciated that to compete with London and other world cities for inward investment Greater Manchester has to offer incentives for investors who have a choice. As Tony Travers acknowledges this is a form of ‘tax competition’ that Burnham is currently winning.
Yes it may
less affordable housing in the city centre (but there is no shortage across the the GM conurbation) and it does mean more high skilled talent being attracted - and the retention of graduates - to Manchester
What’s wrong with that? If we aren’t careful London advocates could be accused of whinging rather than playing a better hand when it comes to attracting inward investment and talent.
Hi Paul. The article doesn't criticise Manchester's policy (though it mentions the Resolution Foundation's misgivings). It seeks to highlight and explain the difference of approach from London's and the reasons for it.
I’m struggling to understand the point of this article. It seems that Andy Burnham has appreciated that to compete with London and other world cities for inward investment Greater Manchester has to offer incentives for investors who have a choice. As Tony Travers acknowledges this is a form of ‘tax competition’ that Burnham is currently winning.
Yes it may
less affordable housing in the city centre (but there is no shortage across the the GM conurbation) and it does mean more high skilled talent being attracted - and the retention of graduates - to Manchester
What’s wrong with that? If we aren’t careful London advocates could be accused of whinging rather than playing a better hand when it comes to attracting inward investment and talent.
Hi Paul. The article doesn't criticise Manchester's policy (though it mentions the Resolution Foundation's misgivings). It seeks to highlight and explain the difference of approach from London's and the reasons for it.
https://capx.co/filtration-or-how-building-expensive-homes-can-help-people-on-low-incomes