Less government spending and more private enterprise

Mark Littlewood appears on BBC Radio 5

IEA Director General Mark littlewood discussed the disparity of economic activity between London and the rest of the UK on BBC 5 Live Breakfast. Commenting on the uneven recovery, Mark stated it was expected that the strongest growth should occur in London since it was the home of many of the worlds financial services that were affected by the recession.

He argued against the argument that there has been  underinvestment in other UK cities stating that there had been greater public spending elsewhere, with spending  by the state accounting to almost 70% of the total amount spentin the north east. He therefore argued for less government and more private enterprise to build these economies. 

You can listen to the programme here. Marks segment begins at 1.08.30.

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