Think-tank warns Greater Manchester economy is ‘stumbling’ ahead of Brexit


A report published today (Monday 26th March) by think-tank Localis warns Greater Manchester’s economy is ‘stumbling’ ahead of the UK’s forthcoming departure from the European Union.

Prominent Remain campaigner, John Leech, has warned that the impact of Brexit on Manchester could be "devastating."

A new report from Localis found:

  • Workers in Greater Manchester are some of the worst rewarded in England
  • Greater Manchester is one of England’s least productive areas
  • Greater Manchester’s job profile is more skilled than its workforce.

The report includes national polling on people’s attitudes towards the economy. For respondents from the North:

  • 56 percent feel little to no personal financial benefit when the national economy is growing
  • 51 percent feel little to no personal financial benefit when their employer does well financially
  • 40 percent think they are paid less than their work is worth
  • 37 percent think their colleagues are paid less than their work is worth
  • 40 percent think people in work generally are paid less than their work is worth
  • 60 percent do not think they are fairly rewarded for hard work by their employer
  • 31 percent do not think their job is making a meaningful contribution to the world
  • 31 percent do not find their job personally fulfilling

 
Former Manchester MP John Leech, who campaigned to Remain during the referendum, said:

“This is a critical time for our country and this report backs up everything the Liberal Democrats warned about during the referendum.

"Local people don't feel listened to, they don't feel considered and they feel like they are being sidelined - this not just what this report reveals but what I hear time and again on the doorsteps.

"Brexit is already having a negative impact on the people of Manchester and it is time Labour and Conservatives paid attention to these warnings instead of working together to drag us out of the EU no matter the devastating cost to Manchester.

"Only the Liberal Democrats are standing up for Manchester and fighting to give people the final say on Brexit in the form of a referendum."

Jack Airey, head of research at Localis said: 
 
“Compared to the rest of England, Greater Manchester has a below average level of reward and a relatively low rate of output.
 
“It is a stumbling place where, despite substantial attention from central government in reorienting its economy to the modern world, the benefits of growth are yet to translate to the local population.
 
“With strong foundations, the challenges of the industrial strategy are to deliver inclusive growth and shift upwards on reward.”


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