Nearly five years on from the financial crisis and we are in danger of letting a good crisis go to waste. And as Rahm Emmanuel (pictured) the former White House chief of staff and now mayor of Chicago says a good crisis is an ‘opportunity to do things you think you could not do before’.
City Deals – the vehicle for improving growth prospects – are heralded by government as a radical power shift. However, are they? City deals merely promise negotiated freedoms within a narrow scope of orthodox ‘rising tide will lift all boats’ economic development. They will not address cuts to local government and they maintain the same economic boom-goggling narrative which has failed many places and people.