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Angela Rayner has told how powers at the Treasury in London will be moved to No10 North in Manchester in a bid to drive economic growth.<\/p>\n
The Communities Secretary gave details of Andy Burnham\u2019s plan to remove the economic growth mission from the Treasury in Whitehall.<\/p>\n
It would retain the responsibility for overseeing the public finances.<\/p>\n
The shake-up is likely to mean hundreds of the 2,000 posts at the Treasury being moved out of London to Manchester.<\/p>\n
Details emerged of the plan the day after official figures showed the capital has the highest unemployment in the country.<\/p>\n
Explaining the reforms, Ms Rayner told Times Radio: \u201cIt's about the whole of Government recognising that power that is centralised, which we're one of the most over-centralised economies, doesn't always give the best results for all areas.<\/p>\n
\u201cWe've been keep trying to do that, and some people call it trickle down economics, and you've seen areas which were deindustrialised over the last sort of 50 years that haven't seen that investment and that drive come forward.\u201d<\/p>\n
She added: \u201cSo we now have an industrial strategy.<\/p>\n
\u201cWe have a Government framework which is about putting power back in local people's hands, and then it's about delivery.<\/p>\n
\u201cSo No10 North is a delivery mechanism for devolution, for the fiscal support, so that areas can start unleashing and unlocking their own potential.\u201d<\/p>\n
The devolution announcement came just days after ministers pressed ahead with plans for default planning approval for new homes within 800 metres or ten minutes walk of busy Tube, rail and tram stations.<\/p>\n
The reform will be welcomed by many people desperate to find a home they can afford to rent or buy in London or other parts of the country.<\/p>\n