Comment: Prof Peter Stoney; Prof Peter Stoney, Senior Fellow in Economics in the Management School at Liverpool University, on What the General Motors Decision Means for the Region's Economy
I FEEL that we are looking at the rosiest situation for many a year following this announcement.
This investment in Ellesmere Port bolsters the manufacturing private sector which has in recent times been a bit of a worry,especially in comparison with the public and service sectors.
This sector has been struggling to sustain a significant presence on Merseyside and this is an important development.
There are a number with links with the motor industry and they form strong bonds with a particular factory and this is the case in Ellesmere Port.
Over and above the 3,000 or so strong workforce,at least 3,000 further people will benefit from this - those who provide services to Vauxhall,be it car components or catering.
There are so many ancillary services connected to the plant and this is a significant boost for the Ellesmere Port town economy.
It also blows a hole in the pro-eurolobby, because GM are saying that productivity counts and this a massive vote of confidence in the plant. …