Daniel Zeichner, Member of Parliament for Cambridge, has responded to the release of the Interim Report by the Cambridgeshire & Peterborough Independent Economic Review (CPIER) with concerns, following its preliminary findings that the Cambridge economy will falter in the foreseeable future.
Mr Zeichner has called on the Government to ensure that Cambridge, and the wider areas, are given the necessary financial autonomy to prevent growth in the region from stalling.
Daniel Zeichner said: "This is a substantial and important piece of work which, crucially, identifies that the Combined Authority contains three distinct economies – and warns that continued prosperity in and around Cambridge is at risk given current housing and transport constraints."
"One of the key findings of this Interim Report is that “the largest economy is expected to start to falter in the foreseeable future” [p.36]. This should be a wake-up call to Government. They must allow Cambridge and the wider areas, which make up the Greater Cambridge Partnership, the fiscal freedom to respond to the clear needs of our local economy, or they risk damaging one of the most dynamic and successful parts of the UK economy."