Magazine article Public Finance

Handouts Hinder Regional Economies, Says Report

Magazine article Public Finance

Handouts Hinder Regional Economies, Says Report

Article excerpt

High levels of public spending are exacerbating regional economic disparities and leading to dependency on central government handouts in some areas, according to a free market think-tank. Reform.

It argues that public spending increases since the late 1990s have not helped the worst-off regions, but have instead increased reliance on southern taxpayers and made these areas less attractive to business.

The report, by Nick Bosanquet, professor of health policy at Imperial College London, and published on July 30, identifies wide disparities in the ratio of public spending to economic output around the UK.

According to Whitehall's last colonies, it is 61% in Northern Ireland, 54% in Wales and the Northeast and 47% in Scotland. By contrast, it is 29% in the Southeast and East and 34% in London.

It also found that while the population of London grew by 8. …

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