Perhaps one reason for J Bank funding problems
Centre for Economics and Business research report using Government's own statistics indicate that several regions rely more on taxpayer handouts than from private enterprise. The report analyses the growth in government spending on regions and the growth in public sector share of Gross Domestic Product since 2001 election from 39 per cent to 43 per cent, that's even higher than the German economy.
In addition to Scotland, Wales and Northern Ireland the North West is the greatest beneficiary. By comparison the lowest is the South east with 34.1 of the state share of the economy. No detail of that is defined as East London corridor, but I feel the Olympic blank cheque must be high in there!
Jodrell Bank may be a casualty of dawning realisation that this policy has reached limit of economic feasibility and having grown so quickly regional public sector spending will now have to be curbed.
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