The economy in Yorkshire is significantly underperforming. In 2017 our economy grew by only 1.2% – the second lowest rate of any region of the UK. Between 2018 and 2020 Yorkshire’s employment growth is expected to be almost non-existent, with recent estimates predicting a jobs growth rate of only 0.1% per year.
These statistics show that our economy is not working properly. Hampered by decades of underinvestment, Yorkshire’s tremendous businesses are struggling under the weight of inadequate infrastructure. Meanwhile, our residents suffer with underfunded and disjointed public services which condemn too many people to social exclusion and misery.
In the Yorkshire Party, we believe our economy can thrive only if the public and private sectors work together. Our vision is an inclusive one: where a dynamic and innovative private sector creates the jobs and growth our region needs, whilst a well-funded public sector delivers a universally accessible welfare state.
We are committed to curbing inequality of opportunity and enhancing social mobility, ensuring that everyone within Yorkshire is given the tools to succeed in life. Too many people in Yorkshire do not have access to these tools, and have been left behind by successive governments.
We believe that private sector growth is best delivered with the support of a well-funded public sector, and that the public sector can be well-funded only if the private sector is thriving.
We will support economic growth in Yorkshire by working with businesses to deliver the infrastructure they need, reinvesting the proceeds of this growth in our public services.
By developing an inclusive economy, where employees, business owners and the government work together, Yorkshire can thrive on the world stage.