WEBVTT - Andy Burnham, Mayor of Greater Manchester Talks Innovation

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. Manchester and Cambridge are

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<v Speaker 1>trying to build a partnership between the university and business

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<v Speaker 1>organizations to get more investment flowing between the two cities

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<v Speaker 1>to help startups and scale ups, particularly in AI, life sciences,

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<v Speaker 1>materials and manufacturing. This all comes, of course, after chances

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<v Speaker 1>of Rachel Reeves's shocked markets with last week's budget, which

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<v Speaker 1>raised spending by seventy pounds a year on average, and

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<v Speaker 1>investors are now waiting for the Bank of England's verdict

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<v Speaker 1>on whether that budget will boost inflation and therefore hinder

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<v Speaker 1>further rate cuts in the UK. Well, joining us now

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<v Speaker 1>is the Mayor of Greater Manchester, Andy Burnham, to discuss Andy.

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<v Speaker 1>Good morning, and thank you so much for your time.

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<v Speaker 2>You're very welcome. Good to be with you.

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<v Speaker 1>Yeah, great to have you back on again. Look, can

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<v Speaker 1>we start with the budget? Firstly, the UK budgets only

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<v Speaker 1>led to a small increase in projected economic growth for

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<v Speaker 1>Britain despite the increase in the burden of taxation. Do

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<v Speaker 1>you think that was the right decision from the Labor

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<v Speaker 1>government the same obviously you're being a Labor mayor.

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<v Speaker 2>I think it was a necessary decision to have a

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<v Speaker 2>corrective budget and to put the country back on a

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<v Speaker 2>path towards stability. We've been living through a time where

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<v Speaker 2>nothing has felt like it's been working properly. Everything's been

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<v Speaker 2>going backwards, the transport system in some chaos, but particularly

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<v Speaker 2>the NHS. So I think the government had to act

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<v Speaker 2>to put things back on a stable path. But I

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<v Speaker 2>would look now to very much to the spending Review.

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<v Speaker 2>I think that will be the moment when the government

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<v Speaker 2>really sets out its stall, and that's only a matter

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<v Speaker 2>of a few months away. Certainly, my team in Greater

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<v Speaker 2>Manchester are now fully focused on the spring spending review,

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<v Speaker 2>so I think it's important to see the budget as

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<v Speaker 2>a sort of first big preparatory step. But the spending

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<v Speaker 2>Review I think will determine the shape of this government

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<v Speaker 2>and the course of this parliament.

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<v Speaker 3>Andy, good morning to you that the Chancellor had a

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<v Speaker 3>promise that sorry, she had to promise that she would

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<v Speaker 3>not repeat the huge package of tax hikes. She clearly

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<v Speaker 3>thinks it will be badly received if she hikes taxes again,

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<v Speaker 3>and she promised on Sunday that she will quote never

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<v Speaker 3>need to do that again. Do you believe her?

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<v Speaker 2>Of course, I think she doesn't take decisions slightly. She

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<v Speaker 2>will have given careful up to this. But if she

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<v Speaker 2>hadn't have acted, I think we would have seen a

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<v Speaker 2>serious crisis in the National Health Service. You could already

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<v Speaker 2>say it's in some states of crisis, but I think

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<v Speaker 2>it would have gotten much worse. And of course that

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<v Speaker 2>affects everybody's lives and it affects confidence in the way

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<v Speaker 2>Britain is being run. So she did have to act

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<v Speaker 2>to bring in I think a big correction in terms

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<v Speaker 2>of public spending and public services.

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<v Speaker 1>The startup scene in the UK is obvious dominated by

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<v Speaker 1>spinouts from Cambridge, also from Oxford and London near the

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<v Speaker 1>Golden Triangles. It's known you want to increase the connection

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<v Speaker 1>between Manchester and Cambridge. How do you think it's going

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<v Speaker 1>to work. What do you hope that it will deliver?

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<v Speaker 2>Well, it's a good question because there's a very clear outcome.

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<v Speaker 2>We hope so R and D. I mean, there's a

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<v Speaker 2>very good research base in Manchester, but Cambridge is renowned

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<v Speaker 2>globally for its research. We think that some of the

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<v Speaker 2>spinouts from Cambridge could come to Greater Manchester. You know

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<v Speaker 2>they're very good at the R but we can do

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<v Speaker 2>the d IF I can put it that way because

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<v Speaker 2>obviously we've got more space to develop and that's why

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<v Speaker 2>this partnership is very exciting. We both have strength in

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<v Speaker 2>life sciences. We'll be visiting AstraZeneca today here in Cambridge

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<v Speaker 2>and the potential of this partnership is huge. We have

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<v Speaker 2>a digital health record for all of our residents in

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<v Speaker 2>Greater Manchester. It's one of the reasons why Eli Lilly

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<v Speaker 2>recently chose Greater Manster as the trial for its new

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<v Speaker 2>obesity because we've got that ability to monitor across the

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<v Speaker 2>whole population. So the partnership with cham which could take

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<v Speaker 2>that to the next to the next level, and we're very,

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<v Speaker 2>very excited about it.

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<v Speaker 3>I'm interested your thoughts on the Ryanair CEOs comments yesterday.

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<v Speaker 3>He talked about the increase of taxes on airlines causing

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<v Speaker 3>him to pull capacity from the middle of the UK

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<v Speaker 3>in your bid to try to get more business activity

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<v Speaker 3>attracted to Manchester. Do you see perhaps this higher tax

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<v Speaker 3>when it comes to airlines and a greater risk of

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<v Speaker 3>airline activity perhaps not being as active in the middle

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<v Speaker 3>of the UK in years to come.

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<v Speaker 2>Well, obviously we'll watch that issue very closely. Indeed, Manchester

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<v Speaker 2>Airport is the third biggest airport in the country. It's

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<v Speaker 2>critical to us, particularly our long hal connectivity is crucial.

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<v Speaker 2>I don't know what effect the Ryan Air move will

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<v Speaker 2>will have on capacity more broadly across all the airports

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<v Speaker 2>in the north of England. Would have to look that.

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<v Speaker 2>As far as I know, Ryanair are the only airlines

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<v Speaker 2>to have made that move, so perhaps the impact will

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<v Speaker 2>be limited, but it's certainly an issue for us to watch. Yeah.

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<v Speaker 1>Michael o'lear on Bloomberg TV on Monday saying, the UK,

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<v Speaker 1>and this is a quote, the UK has no chance

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<v Speaker 1>of growing if this idiot Chancellor thinks that the way

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<v Speaker 1>forward is going to be increasing tax on air travel.

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<v Speaker 1>Michael O'Leary's comments as Ryanair talks about redeploying capacity for

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<v Speaker 1>five million passengers from the UK into other markets because

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<v Speaker 1>of the aviation tax, how are you going to deliver?

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<v Speaker 1>It's is it a poison chalice? You know, the integrated

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<v Speaker 1>Funding Agreement, it potentially gives you, we don't know how

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<v Speaker 1>much money more control over that funding from central government

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<v Speaker 1>integrate Manchester, you know, to try to increase economic growth.

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<v Speaker 1>On the flip side, you've then got to deliver and

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<v Speaker 1>that as the chance is now discovering, is really hard

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<v Speaker 1>to boost economic growth.

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<v Speaker 2>It is we know that in Greater Manchester because we've

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<v Speaker 2>worked very hard at it over the last well twenty

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<v Speaker 2>years since we've been on this devolution journey, and we

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<v Speaker 2>now have growth that is outstripping the wider UK economy.

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<v Speaker 2>And that's not something I've been able to say about

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<v Speaker 2>Greater Manster in my lifetime, but it is true. Now

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<v Speaker 2>we've got higher productivity growth and it is critically linked

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<v Speaker 2>to the devolution of power to our city region, and

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<v Speaker 2>the integrated settlement will take that even further so that

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<v Speaker 2>we can act more quickly to bring the improvements in

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<v Speaker 2>infrastructure that we want to see, to change our technical

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<v Speaker 2>education system so that we can ensure the supply of talent.

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<v Speaker 2>So devolution is a game changer for Greater Manchester and

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<v Speaker 2>I think the model of growth that we've developed is

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<v Speaker 2>one that could go to other parts of the country

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<v Speaker 2>as well, so that the devolution is the thing that's

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<v Speaker 2>made the change, and I do think that the Government

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<v Speaker 2>can look to Greater Manchester to see how growth can

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<v Speaker 2>be brought to areas beyond London.

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<v Speaker 1>Andy, thank you so much. For your time,