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The answer to regional inequality isn’t public money, it’s productivity

Andy Burnham’s ambitions for Number 10 North are nothing new, but successive governments have failed to focus on the key reason for differing regional outcomes, says Paul Ormerod The creation of Number 10 North symbolises a key aspect of Andy Burnham’s policies. Namely, to revive the economies of the more deprived parts of the UK. [...]

$562 billion gamble on chip boom

The government has unveiled a budget that deserves more scrutiny than applause. The proposed 2027 spending plan amounts to 820.9 trillion won ($562 billion) — 93 trillion won, or 12.8 percent, larger than this year’s budget. It is the biggest expansion on record. The government calls it an investment in Korea’s future.

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