News

On Thursday 23rd June Britain will hold a historic referendum to decide whether to remain in or leave the European Union. In preparation for the referendum, Cities@Manchester in collaboration with the Sheffield Political Economy Research Institute (SPERI) have organised two events.

A panel investigating the current role, responsibilities and mandate of the Treasury is due to make its recommendations by July.

The Northern Powerhouse project needs more fiscal devolution and powers if it is to have any real chance of bringing lasting benefits to the region, says Karel Williams, Professor of Accounting and Political Economy. Speaking during a debate in Manchester on the progress of the initiative, Karel said Greater Manchester had not got adequate powers as part of the devolution deal. “It needs control of its balance sheet, it needs borrowing powers. At the moment it has responsibility without power.”