Clegg warns on London economic focus

During a speech at London’s Mansion House, Clegg said the British economy needs to reduce its reliance on London and to shift focus away from the capital city.

The Deputy PM announced 20 more zones in England to be part of the “city deal” scheme, saying that the county could miss out on £41 billion of growth year-on-year otherwise.

“London will always be at the heart of the UK’s economy, and the envy of the world: open, global, dynamic, diverse, unmatched in its talent and expertise,” Clegg said.

“But we have other strengths too, in other industries, in other places. There can and must be more than one jewel in our crown.”

Under the “city deal” scheme, local authorities would be given certain powers, such as the ability to set and spend budgets, which the central government is responsible for.

MOS/SSM/HE

Source Article from http://www.presstv.ir/detail/2013/02/19/289687/clegg-warns-on-london-economic-focus/

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