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Yep,
but as the flatearth brexiteurs keep pointing out, we are the 5th/6th largest economy.
Clean up our offshore banking/investment/ownership laws,
offer an amnesty for assets coming back into the UK economy,
and we'll have an unexpected £15/20/30? billion to invest in a true Northern Powerhouse.
Financial transaction tax, a sovereign wealth fund, that owns the UK's infrastructure,
it's all do-able.
Have a structured investment policy to improve the lives of people in regions ignored since the Thatcher era.