Politics · 1 hour ago
Chancellor John Healey allocates £150m to support fast-growing businesses in northern cities
The cash is drawn from the British Business Bank's current budget to back university spin-outs and emerging companies. Announcing the scheme at a manufacturing site on Monday, the Chancellor tied the investment to Prime Minister Andy Burnham's plans for regional devolution. In response, shadow chancellor Andrew Griffith dismissed the speech as a "policy-light word salad" that ignores high government borrowing rates.
Reported by City AM · How we write briefs