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The English university town of Cambridge has been billed by some as the “next Silicon Valley,” with a fast-growing tech and life sciences industry. For many elected leaders across the political spectrum, the city serves as a model for reviving the UK’s struggling economy, but critics say Cambridge is no blueprint for the future as the city has the least affordable housing in the UK after London. Bloomberg’s Tiffany Tsoi reports.
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If you have many people getting an excellent education and a highly-paid job, it will lead to education inequality. Who cares? As long as the least educated have a decent standard of living, does the statistical inequality caused by some geniuses making tons of money matter?
stop that horrible vocal fry it's horrendous
"The governemnt will take care of it"
This gaslighting and false promises needs to stop.
Cambridge is a village with aspirations of sillicon valley…
The elites have outpaced the capacity of the state to keep up with them public infrastructure has not kept up and of course while elites dont have a cap on their income…the average worker becomes increasingly poorer.
Folk always want to complain. They complain if the UK as a country isn’t doing well enough, then complain when one area of the country does well. Get a grip.
"If you can't make Cambridge work, the UK won't work" is a nonsense proposition.
When a small city is nonetheless the best in the world at several cutting-edge high-growth industries, then yes you will see high inequality. Cambridge needs to spend the proceeds on social services and infrastructure, not complain about 'inequality'. It's a sign of success in such a small place
Nonstory, try buying a house in Palo Alto.
ignore the inequality issue – in this context it has no meaning. Priority is growth of the tech sector at all costs – this is the substitute for the Aberdeen oil terminus that we all need irrespective of whether we live in Cambridge or not.
Sounds like the san fransico dream in the UK!
her accent is so interesting 😂
Cambridge is an amazing city to live and work in. World class university and lots of top biotech/tech companies for job opportunities.
Why is the female anchor speaking like seducing, irritating as hell
Vocal fry
Why should Cambridge become silicon valley?
I lived in Cambridge and it was filled with students walking in Tuxedos and homeless people.
traffic congestions and lack of transport links isnt a growth problem, or Cambridge problem.
Except London theres no adequate public transport system in any UK city or in UK as a whole between its cities, UK city of 250K ppl has public transport network( few radial bus lines meeting in the city centre with theoretical 10mins peak interval which sometimes turns into almost hour in practice during peak period due road traffic) comparable to or worse than town of 25K in Czechia.
Train tickets between two UK cities one hour away costs more than plane ticket to Spain and back and comes with page long list of restrictions, and theres decent chance your train may be cancelled or at least delayed by an hour or few.
City with 250K ppl mere one hour from London has no single direct bus connection to London and only public transport connection to it is train with cheapest return ticket during the workweek around 80 quids.
Dont blame decades of underinvestment and planned car dependence and ideological anti- public transport and infrastructure biases on fast-growth.
Have she met ClaudeAI
Get with the Central Networks for Boom of the Economy but not just with the Tech!
What does Zeus have to say about this?
US Dollar is failing everyone everywhere.