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News Release

Manchester

Chancellor's Autumn Statement 2012

Reaction from head of Jones Lang LaSalle's North West region


Manchester, 5 December 2012 - David Lathwood, Manchester-based director and head of Jones Lang LaSalle in the North West gave his thoughts on the Chancellor's Autumn Statement and how it may affect Manchester and the wider region.
 
David said: "The emphasis the Chancellor put on ‘science, roads and education’ plays directly to the priorities for Manchester’s own development, with improved transport infrastructure and the growth of our universities absolutely critical for the future of the regional economy.
 

“The reassurances he gave about High Speed 2 are therefore very welcome, as is the three-year empty rates exemption for new build commercial schemes, which should help accelerate the development of key sites in the region.

“Giving LEPs access to bigger funding pots is generally positive news for Manchester, where clear political leadership has given us a track record of excellent decision-making, but it’s important that this decentralisation of funding doesn’t detract from necessary long term investment in infrastructure, which needs to be driven centrally."