Mapped: London driving UK growth as ‘Northern Powerhouse’ falters – Telegraph

In this image, the Severn-Wash line is shown i...

In this image, the Severn-Wash line is shown in yellow, the Severn-Trent line in blue, the Tees-Exe line in red. (Photo credit: Wikipedia)

The Telegraph cites latest ONS data that the North-South divide gap widens dealing a blow to Chancellor’s plans to build a Northern Powerhouse.

Source: Mapped: London driving UK growth as ‘Northern Powerhouse’ falters – Telegraph

Let’s face it George Osborne is a political showman, albeit not quite in the Donald Trump league. Osborne likes the term ‘Northern Powerhouse’, just like he enjoys being photographed in a hard hat. But Osborne is not an economist by training and profession – he’s a political chancer.

To be successful in promoting regional equality, Osborne would need differential tax rates for different areas and an effective industry strategy that is dovetailed with more effective education and national skills enhancement.

Thoughts?

Chinese company buys nearly $4-billion stake in Western Digital – LA Times

Western Digital WD740GD Raptor - 10,000 rpm - ...

Western Digital WD740GD Raptor – 10,000 rpm – 74 GB (Photo credit: Wikipedia)

According to the LA Times, a unit of China’s Tsinghua Unigroup Ltd. agreed to pay $3.78 billion for a 15% stake in Western Digital Corp., an Irvine-based maker of data-storage disk drives.

Source: Chinese company buys nearly $4-billion stake in Western Digital – LA Times

Along with news that China has beaten Japan to win a contract for Indonesia’s high-speed railway, the alarm bells should start ringing. There are still too many people in Western businesses who think China is heading for a hard landing, so there’s no strategic threat – end of problem – that’s an enormous mistake.

Thoughts?