All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to European Politics & Markets

UK government launches 'No 10 North' to drive economic growth from Manchester

Created at 19 Aug · 5:56 AM1 source↑ Market-relevant
IN SHORT

Prime Minister Andy Burnham has launched No 10 North in Manchester, a new base intended to decentralize economic decision-making and drive growth across the UK. The initiative revives the National Economic Council, bringing together ministers and regional mayors to focus on devolution.

Key Numbers

£2bus fare cap restored
20%business rates cut for pubs, clubs, and music venues

Who's Involved

Andy Burnham
Prime Minister, working from No 10 North
Louise Haigh
First Secretary of State, overseeing No 10 North
John Healey MP
Chancellor of the Exchequer
Lucy Powell
Education Secretary, to work from No 10 North
Angela Rayner
Housing and Communities Secretary, to work from No 10 North
UK government launches 'No 10 North' to drive economic growth from Manchester

↳ Why This Matters

The establishment of No 10 North signifies a significant shift in the UK's governance structure, aiming to rebalance power away from London and empower regional leaders in driving economic growth. This initiative could reshape how national policy is developed and implemented, potentially leading to more localized economic strategies and investment.

Key facts

  • No 10 North, located in Manchester, is established as a new base for overseeing economic growth.
  • Prime Minister Andy Burnham will regularly work from No 10 North, aiming to shift decision-making away from Westminster.
  • The National Economic Council has been revived and will convene its first meeting at No 10 North.
  • Regional mayors will be integrated into economic policy discussions through the National Economic Council.
  • The government has announced measures such as VAT reductions on electricity bills and business rates cuts for certain venues.

The UK government has launched 'No 10 North' in Manchester, a new operational base intended to drive economic growth and decentralize power from Westminster. Prime Minister Andy Burnham announced the initiative, stating that decisions about the country's economic future will no longer be made exclusively in London.

No 10 North, operating from Heron House in Manchester, will serve as the government's situation room for growth, bringing together levers of local economic growth and devolution. Burnham is expected to work from the Manchester base weekly, with other ministers also spending regular time there. This move aims to address a perceived historical concentration of power in SW1 (Westminster).

The Prime Minister will chair the first meeting of the revived National Economic Council (NEC) at No 10 North. The NEC, originally established in 2008 during an economic emergency, is being reinstated to foster a sense of urgency and collective action for economic growth. Senior ministers and regional mayors will be invited to participate, cementing devolution at the core of economic decision-making.

Burnham stated that the days of Whitehall resisting devolution are over, emphasizing a commitment to empowering local leaders. Ahead of the NEC meeting, the Prime Minister is scheduled to consult with business representative organizations, including the Federation of Small Business, CBI, and BCC, to discuss strategies for unlocking growth and job creation.

First Secretary of State Louise Haigh described No 10 North as a fundamental re-balancing of power, ensuring that communities overlooked by Westminster receive a voice. Chancellor John Healey MP highlighted the government's seriousness about transferring power to local areas, positioning No 10 North as central to this plan.

In conjunction with the launch of No 10 North, the government has announced measures to provide relief to families and businesses, including VAT reductions on electricity bills, the restoration of a £2 bus fare cap, and a 20% cut in business rates for pubs, clubs, and music venues.

Frequently asked questions

No 10 North is a new government base established in Manchester to oversee economic growth and drive devolution across the UK, aiming to decentralize decision-making from Westminster.

The National Economic Council is a revived body that brings together senior ministers and regional mayors to focus on economic growth and devolution, with its first meeting to be held at No 10 North.

The government has announced VAT reductions on electricity bills, a £2 bus fare cap, and a 20% cut in business rates for pubs, clubs, and music venues.

What Happens Next

01The National Economic Council will hold its first meeting on Friday.
02Prime Minister Burnham will work from No 10 North each week.
03Ministers and civil servants are expected to relocate to No 10 North.

How It Developed

No 10 North has opened in Manchester as the government's new situation room for economic growth.
Prime Minister Andy Burnham will work from No 10 North weekly to decentralize decision-making.
The National Economic Council has been revived and will hold its first meeting at No 10 North.
Regional mayors will participate in the National Economic Council to center devolution in economic policy.
The government has introduced measures including VAT cuts on electricity bills and business rates reductions for pubs, clubs, and music venues.

Sources

T1
No 10 North to oversee economic growth | Zelenskyy faces calls for electionSky News · World
T2
Regional mayors to take key roles in UK policy decisions as part of No ...theguardian.com
T2
Andy Burnham vows to set up No 10 North as 'nerve centre of rewired ...theguardian.com
T2
No10 North open for business as the Government's new situation room for ...gov.uk

Related Stories

European Leaders Navigate Summer Breaks Amidst Persistent Crises
18 Aug · 9:50 AM
Iceland referendum seen as EU enlargement optics boost
18 Aug · 2:20 PM
Tories propose scrapping net zero to cut household energy bills
18 Aug · 9:11 PM
EU Considers Stricter Tobacco Rules Amid Surge in Vapes and Nicotine Products
18 Aug · 9:50 AM
Liechtenstein royal family changes succession rules to allow female heirs
18 Aug · 9:50 AM