East Mids £1.14bn devolution money is 'enough to buy a McDonald's'

A former Nottingham council leader says that money offered in the East Midlands devolution deal is just about enough for everyone in the city to "buy a McDonald's". The proposed devolution deal will see money and powers being handed to a new East Midlands authority, which is due to be fully established in 2024.

This £1.14bn agreement was signed by Nottingham City Council, Nottinghamshire County Council, Derby City Council and Derbyshire County Council. A consultation with the public has now been launched on it, running until January, and councillors across the four councils are now having their say on the proposals.The first council to discuss the proposed deal was Nottingham City Council at a meeting on Monday .

But Labour's Councillor Graham Chapman, a former Leader and Deputy Leader of Nottingham City Council, questioned the amount of money being offered. Many Labour councillors also expressed concerns about this, though many believed the current offer was "just a start." "Over 30 years, because it isn't index-linked, that amount per year will decline to about £5, you'll just about be able to buy a McDonald's with it. We've got austerity coming, plus inflation, and that will erode further any money that's coming in our direction."

Well hopefully it'll be spent on something more useful to the community, sure as building a convalescence hospital to free up much needed beds in the region's main hospitals by reducing bed-blocking.

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