George Osborne HS3 Leeds and Manchester Rail Link for New North Mega-City
Politics / UK Politics Jun 23, 2014 - 01:40 PM GMTBy: Nadeem_Walayat
George Osborne has thrown an major infrstrucvutre funding election scrap at the north by suggesting that a new high speed link HS3 should be created between Manchester and Leeds that would more than halve the existing travel time between the two cities.
"The cities of the North are individually strong, but collectively not strong enough. The whole is less than the sum of its parts. So the powerhouse of London dominates more and more. And that's not healthy for our economy. It's not good for our country.
"We need a northern powerhouse too. Not one city, but a collection of northern cities - sufficiently close to each other that combined they can take on the world. Able to provide jobs and opportunities and security to the many, many people who live here, and for whom this is all about." - George Osborne
"The cities of the North are individually strong, but collectively not strong enough. The whole is less than the sum of its parts. So the powerhouse of London dominates more and more. And that's not healthy for our economy. It's not good for our country.
"We need a northern powerhouse too. Not one city, but a collection of northern cities - sufficiently close to each other that combined they can take on the world. Able to provide jobs and opportunities and security to the many, many people who live here, and for whom this is all about." - George Osborne
However, the suggestion for such a link that would cost an estimated £10 billion fails to understand how mega-cities actually grow in that they do not grow by means of linking together of two distant large cities but expand outwards from central hubs, therefore all that Manchester and Leeds amongst other nearby cities such as Sheffield and Bradford could ever become are spokes around a new central hub as illustrated in the new UK Housing Market ebook that is available for FREE DOWNLOAD and as excerpted below-
MANFIELD - Welcome to North's New Mega-city of 2114
Whilst it is beyond the scope of this ebook to analyse all of the potential new central hubs around which mega cities could form, however my analysis of the new yet to be named mega-city of the north, MANFIED illustrates what is likely to occur in at least 2 other such areas of Britain over the next 100 years or so.
The area of Manfield of equivalent size to present day London already has a population of over 3 million which gives it a real possibility of reaching an inter connected critical mass that will start to coalesce around its new central hub, so that instead of new mega cities expanding London-esk from out of existing city hubs over hundreds of years, instead they are more likely to start to emerge around these NEW central hubs as that will represent the shortest and quickest route of travel between the merging spokes and hence drive concentration of people and infrastructure towards their centres that would have ample space to accommodate soaring demand.
Whilst many today may argue that this just cannot possible happen due to the mass of green belt land comprising much of its area, but that is also to its great advantage for all it would take is a bill in Parliament that would illicit far less local opposition than such a move would elsewhere given the long standing desire for a Northern mega city to rival that of London.
Furthermore, using the latest technologies and design techniques to mesh together transport, telecommunications, energy, and water links of all of the cities around the new central hub would ignite a decade long national construction led economic boom creating hundreds of thousands of new jobs. The resulting boost to the British economy would be such that many would wonder why it had not been done several decades earlier and thus spark several more similar projects elsewhere, where perhaps 100 years from now Britain may well be on the path towards having built as many as 4 new technologically advanced mega cities of which some could even rival London in terms of economic output.
The bottom line is that land and properties in the central hubs of the new mega cities such as Manfield are up for grabs at bargain basement prices, which whilst personally one may be unlikely to profit from their emergence during ones life time (barring a nano-tech solution to telomere shortening), however future generations will erect statues towards ones investment insight in future land and property investment planning.
For more in-depth analysis of the UK housing market see the New UK Housing Market Ebook available for FREE DOWNLOAD (Only requirement is a valid email address).
New Housing Market Ebook - FREE DOWNLOAD
The housing market ebook of over 300 pages comprises four main parts :
1. U.S. Housing Market Analysis and Trend Forecast 2013-2016 - 27 pages
The US housing market analysis and concluding trend forecast at the start of 2013 acted as a good lead exercise for the subsequent more in-depth analysis of the UK housing market.
2. U.K. Housing Market Analysis and House Prices Forecast 2014-2018 - 107 pages
The second part comprises the bulk of analysis that concludes in several detailed trend forecasts including that for UK house prices from 2014 to 2018 and their implications for the outcome of the next General Election (May 2015) as well as the Scottish Referendum.
3. Housing Market Guides - 138 Pages
Over 1/3rd of the ebook comprises of extensive guides that cover virtually every aspect of the process of buying, selling and owning properties, including many value increasing home improvements continuing on in how to save on running and repair costs with timely maintenance tasks and even guides on which value losing home improvements should be avoided.
- What Can You Afford to Buy?
- Home Buyers Guide
- Home Sellers Guide
- Top 15 Value Increasing Home Improvements
- Home Improvements to Avoid
- Home Winter Weather Proofing 22 Point Survey
These guides will further be supplemented from Mid 2014 onwards by a series of online videos and regularly updated calculators such as the Home Buying Profit and Loss Calculator, which will seek to give calculations on whether to buy or rent based on personal individual circumstances, that will be updated to include the latest expected trend trajectories for future house price inflation i.e. you will have your own personal house price forecast.
4. Historic Analysis 2007 to 2012 - 40 pages
A selection of 10 historic articles of analysis to illustrate the process of analysis during key stages of the housing markets trend from the euphoric bubble high, to a state of denial as house prices entered a literal free fall, to the depths of depression and then emergence of the embryonic bull market during 2012 that gave birth to the bull market proper of 2013.
FREE DOWNLOAD (Only requirement is a valid email address)
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By Nadeem Walayat
Copyright © 2005-2014 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.
Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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