South Yorkshire Mayoral Combined Authority Weekly Policy Briefing (26 May)

Weekly Policy Briefing Highlights:

  • Research shows that Sheffield benefits more than almost every other part of the UK from the economic impact of international students, and Yorkshire more than most regions as overseas students numbers have grown in recent years, contributing £37.4bn to the economy in 2021/22
  • Analysis from NIHR Applied Research Collaboration Greater Manchester (ARC-GM), the University of Manchester and Health Equity North (HEN) found that the North missed out on £21m from the Government’s Community Renewal Fund due and could miss out on £250m from the Shared Prosperity Fund if the same methodology is applied
  • The Institute for Fiscal Studies report that more adults are paying higher rates of tax than ever before. By 22–23, 11% were paying higher rates, with that figure set to reach 14% by 2027–28. Of that 14%, 3.1% of adults will face rates of either 45% or 60%.
  • Amid a falling inflation rate, the Office for National Statistics revealed that food prices in the UK surged at the fastest rate in nearly 45 years in April, at a rate of 19.1%.

Please download the file below to read the latest South Yorkshire Mayoral Combined Authority Weekly Policy Briefing: