Is Chancellor Rachel Reeves abandoning north-east England?
Published On Jan 31, 2025, 6:54 AM
Chancellor Rachel Reeves is promoting airport expansion and a 'UK Silicon Valley' in the southeast, while the north-east of England faces significant infrastructure needs without immediate government funding. The closure of key infrastructure like the Gateshead flyover and ongoing restoration of the Tyne Bridge highlight the lack of recent investment in northern regions compared to the south. The article emphasizes the disparities in government investment and infrastructure upgrades, raising concerns among local voters about whether the Labour party can be trusted to deliver on promises made.
Stock Forecasts
VMC
Positive
The ongoing infrastructure issues in the north-east of England and the lack of government investment may affect local economies negatively. However, potential benefits from airport expansions could provide a future upside for related stocks or sectors. Companies involved in construction, infrastructure, and sustainable aviation fuel may see positive movements as the government eventually addresses these needs.
BAC
Negative
Conversely, if the government continues to prioritize the south over the north in infrastructure development, regional job losses or stagnant growth could undermine investor confidence in local markets or companies. Companies heavily reliant on public infrastructure funding in the north may face declines in both investment and stock performance.
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