From the FT today:
Critics of the rebalancing theory are emboldened. Tim Leunig, reader in economic history at London School of Economics, says: “The idea that we are going to rebalance towards manufacturing is simply wrong and I don’t think it would be desirable. Germany has more manufacturing and it is doing worse than us.” He believes London will soon resume its role as a magnet for talented people in finance and creative industries.
The one good thing in the report is summary on Northern Ireland:
Northern Ireland: House prices rose more steeply than in other regions but are falling precipitously. As construction jobs decline, unemployment is rising but still below the UK average. Manufacturing is holding up.
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