Magazine article Public Finance

'Knowledge-Intensive' City Economies Most Likely to Thrive

Magazine article Public Finance

'Knowledge-Intensive' City Economies Most Likely to Thrive

Article excerpt

City economies should be ready to fill skills gaps in employment for when there is an upturn in the economy, a government minister has said, as a report found the most successful cities in Britain were hubs for 'knowledgeintensive' industry.

Communities and Local Government Secretary Hazel Blears told a Work Foundation conference on the changing economy in British cities that everyone should have access to high-skilled, high-technology jobs.

'I think there are things we can do in the public sector both locally and nationally to try to help people through the difficult economic circumstances we are in,' she said. But city economies were the key for future prosperity when conditions improve, she added. 'Our cities need to be flexible, they need to be bold, they need to adapt, they need to be first out of the blocks.'

The Work Foundation launched its report, How can cities thrive in the changing economy?, at the conference on July 16. It said that across the UK there was a growing disparity between cities. …

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