Handing powers and funding to a One Yorkshire mayor could add as much as £30bn a year to the region’s economy by boosting its low level of exports and creating more businesses, a landmark report reveals today.
The dossier commissioned by Yorkshire’s council leaders sets out how its 5.3 million population could benefit an average of £5,400 a year if Ministers agree to the widely-supported devolution proposals.
John Henry BBC News, Yorkshire
Yorkshire-wide devolution could boost the region’s economy by billions of pounds but have little effect on improving road, air and rail transport, according to a leaked economic report.
The document, commissioned on behalf of 18 Yorkshire councils, was tasked with looking at what benefits devolution could bring.
The Yorkshire economy could be boosted by up to £30bn in the coming years, it claims.
But it adds there’s not an “all or nothing case” supporting devolution and some issues would be better dealt with at city region level while others would work better on a north-wide basis.
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