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Preston's story shames library-closing Lambeth.
How one city is beating Tory austerity with 'radicalism on a shoestring'
A city ravaged by Tory austerity is now thriving after pioneering a system it calls “radicalism on a shoestring”.
Fed-up officials in Preston, Lancs, took matters into their own hands after a £700million redevelopment collapsed in 2011. Since then, the council’s Central Government grant has been cut from £30million to £18million.
The city was in the bottom 20 per cent of deprived areas and life expectancy for its poorest was just 66.
But determined officials looked for a model to turn its fortunes around – and found it in the US in Cleveland, Ohio. The idea was to keep money in the local economy and the tactic has led to the creation of hundreds of jobs and renewed building work.
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Preston had the second-best improvement on the Multiple Deprivation Index between 2010 and 2015. And last year it was named the best city in the North West to live and work in.
Shadow Chancellor John McDonnell says Preston’s “radicalism is what we need across the whole country”.
The Manchester-based Centre for Local Economic Strategies reported that six major local institutions had spent 18 per cent of their budget there in 2017 – up from five per cent in 2013.
The increase means an extra £75million was being spent in the city.
How one city is beating Tory austerity with 'radicalism on a shoestring'