This week’s key messages:
- Last week’s Spring Budget had several implications for South Yorkshire with measures to address issues such as economic inactivity, low growth, cost of living pressures and poor transport connectivity.
- Highlights include establishing a ‘Universal Support’ scheme to help people with disabilities get into work, a new Investment Zone for the region, 30 hrs free childcare for children over 9 months, extension of the Energy Price Guarantee for 3 months and a second round of City Region Sustainable Transport Settlements worth £8.8bn.
- The Financial Times’ recent analysis shows that average GDP per head has grown the slowest in the UK of all G7 economies since the great recession, despite being the most robust in this group before 2007.
- SYMCA analysis of the ONS’ latest GDP estimates shows that our region has grown faster than other combined authorities like West Yorkshire and Liverpool since the financial crisis, although the recession initially hit our local economy harder than others.
Please download the file below to read the latest South Yorkshire Mayoral Combined Authority Weekly Policy Briefing: