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"Derelict houses, boarded-up shops, and jobseekers leaving in droves to find employment. This was Liverpool in the late 1980s and early 1990s after the city was hit by the decline in manufacturing and port logistics were modernised.
"In more recent times, some vibrancy has returned to the centre, but it has been overshadowed as an inward investment centre by Manchester.
"Nearly 150 miles away, Hull – also reliant on maritime trade, and playing second fiddle to the leading Yorkshire city of Leeds – suffered a similar fate, with its property sector and investment market failing to fully recover after the most recent recession.
"Not only have these cities, along with Newcastle and Sheffield, fallen behind Manchester and Leeds economically but they are now incomparable to London and Birmingham in terms of inward investment.
"The Government’s plans to overhaul the North’s creaking railway infrastructure and build High Speed 3, unveiled on Friday, are at the heart of its long-term programme to create a “northern powerhouse”.
"But will the Chancellor’s overall, regional vision of a new high-speed railway across the Pennines, connecting Liverpool, Manchester, Leeds, Hull and Newcastle, address their specific needs?"
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