York's economy 'strong' despite pandemic

That's according to research by a charity.

Author: Chloe Laversuch Published 28th Jan 2021

The economy of York has stayed "strong" - despite the coronavirus pandemic.

That's according to a report by the charity Centre For Cities.

York still has the lowest number of residents receiving benefits of any city in the UK - and the research suggests the city's economy will remain strong after the pandemic.

Cllr Andrew Waller said the research suggests “there should be some optimism” but that more support is needed from Government.

He said: “Whilst the data in the report shows that York is currently in a better economic position, but we know that more support is needed for our local businesses and residents, as the real extent of the economic crisis facing our city unravels over this year.

“Whilst this has been a uniquely challenging year for York’s economy, there should be some optimism that York has held up better in comparison to other cities across the country.

“This recognises the tremendous efforts made by local businesses, and the support the council together with its partners have been able to provide quickly to help protect jobs.

“The report, however, does make clear that if the Government was to fail to act decisively there is a real risk that their policies would in the longer term see our region ‘level down’.

“The Government must take note of this and put councils on a strong financial footing, ready to address their local challenges.

“Levelling up must become more than just a phrase ministers use in the media, it must produce real results on the ground especially for young people who feel at risk of missing out most.

“We will be working with partners to draw attention to where support is not reaching businesses, and the self-employed.

“We will continue to work with the city’s businesses and partners to ensure that all is done to protect livelihoods and jobs people across York.

“In turn, Government must step up and answer our calls for comprehensive support, including boosting Universal Credit, extending the VAT cut, Business Rates relief and the furlough scheme, as well as introducing plans for long-term investment in the north to support emerging sectors, skills and training.”

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