The Department for Transport is conducting its own review of infrastructure plans following the Chancellors ‘Black Hole' revelation, (August 2024) and her finding that the coffers contain a shortfall of £22Bn or approximately 4% of the current economy.
The £22Bn ‘Black Hole’, put down to George Osborne’s management and failed austerity experiment has sat on the Government's balance sheets since 2014, as revealed by Ed Conway of Sky News pre budget during March of that year.
Since then the £22Bn deficit has been largely ignored by the myriad of PM’s and chancellors the Tories rolled out leaving the North to stop at Newcastle upon Tyne through the complete lack of vision over 14 years of selfish governance by the Conservatives.
The way out of that deficit position is to go for growth and at this moment in time that growth for the north of the North-East, Carlisle and the Scottish Borders is stymied through the spindly transport road infrastructure that is not benefitting commerce or industry from considering these regions in their growth plans and its inability to tap into the huge potential this area has to offer to the UK as a whole.
The lack of high quality road linkages between England and Scotland via the A1 through Northumberland and the Borders and the A69 from Hexham to Carlisle M6/M74 are essential to filling the Black Hole from 2014 by 2030 leaving scope to invest in people and communities nationally and relieve the pressure and fear that the North of England is worthless and good well paid jobs should not exist here.
This area of concern is now swamped with well educated well meaning new Labour MP’s who need to get their feet into the Department of Transport spending review and make the noise required to bring the area up to that of the rest of the UK in the road transport sense and assist the Mayor for the North East to deliver her excellent vision of the area being a great place to live and work.
We codgers will be watching and reporting on progress, that statement is not a threat but encouragement to show the rosy garden of Growth can be created if enough effort is put into driving the weeds and tempting snakes out through fraternity and a demand for equality with the rest of the UK.
https://news.sky.com/story/the-22bn-current-account-deficit-mystery-10411813
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