Nick Clegg speech to launch new 'city deals'

Nick Clegg speech to launch new 'city deals'; ENGLAND: Yorkshire: Leeds: INT **Please note: there is some picture drop-out on this clip** Nick Clegg MP (Deputy Prime Minister) along to podium and speech SOT - The Coalition Government has talked a lot about rebalancing the UK’s lopsided economy. Ending our overreliance on one sector, financial services. In one city, London. To build a model of more diverse, even and sustainable economic growth. Less spectacular than what we have seen in recent decades? Probably. But we are willing to sacrifice a big bang if it means avoiding a monumental crash. Clearly our cities have a major role to play in this new, rebalanced economy. Everyone in this room will, at some point have heard one Westminster politician or another opine on the importance of our cities, on their role as great engines of growth. There's nothing new about that ambition. But what is new is that the Coalition is taking the leap needed to deliver it. Today we are launching a series of city deals to recast the relationship between central government and our cities, in what we hope will be an unprecedented transfer of power - to unleash city power, to boost entire regions, to get our national economy growing and to begin correcting the dangerous imbalance in our national economy. I will come to the nature of those deals shortly. Before I do, let's recap on what has happened to our cities. Liberals have always understood that a great nation is built on great cities. Almost 140 years ago Joseph Chamberlain was elected Mayor of Birmingham. Back then the city was deep in squalor and run by a group of independent councillors who had neither the will nor imagination to sort it out. So Chamberlain booted out the old guard and he launched a movement from within local government - cleaning up the rivers and streets, guaranteeing gas and water supplies, giving people galleries and parks and ultimately creating a civilised city of which Brummies could be proud and...