Great thread & linked piece on the post GFC regional divergence in risk premia demanded by investors across UK, another driver of regional inequality.
Some encouraging signs of reductions in Manchester & W Mids.
Drawing on brilliant work from Philip McCann & colleagues at @productivity.bsky.social
Richard Jones
There is much debate about how centralised our political system is compared to other countries. But is this mirrored in the financial system? Recent analysis suggests so!
The map below shows the different risk premiums on investment yields by place after the 2008 crash.
Short 🧵
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