Media Releases
News Release : 12 July 2001UK ECONOMY AT RISK WITHOUT INVESTMENT IN SOUTH EAST, ASSEMBLY WARNS GOVERNMENT THE SOUTH EAST ENGLAND REGIONAL ASSEMBLY yesterday called on the Government to be sure to back its winning regions if it wants the UK's economic success to continue. The Assembly's annual meeting in Woking heard how the South East makes by far the largest net contribution to the UK Government's finances - £17billion a year, compared to just £10bn from second place London. Assembly members warned that the South East economy was in danger of seizing up through insufficient investment in infrastructure and in skills, putting at risk the economic performance of the whole country. Assembly Chair Cllr David Shakespeare said: "We can understand that the Government needs to support those regions of the country whose economies are lagging behind; we in the South East support the goal of a more even development of the UK." "But the South East is the engine of the country's economy: we urgently need investment to tackle chronic traffic congestion, poor public transport networks, skills shortages and the regeneration of many of our coastal towns and cities. You don't speed up the train by slowing down the engine." More than 100 South East stakeholders from local authorities, economic, social and environmental organisations, as well as members of the public and the media attended yesterday's Annual General Meeting of the Assembly. ContactLesley van Dijk, PR Executive - 01483 555223 Alex Butlin, PR Executive - 01483 555221
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