On page 22 of the Conservative Manifesto:
Do they think this is an unnatural state of affairs, somehow caused by government meddling? The public sector is allowed to dominate too much up North – we’ll end that, and watch the Private Sector bloom? It seems so:
“We will increase the private sector’s share of the economy in all regions of the country, especially outside London and the South East.”
This is one pledge I am certain they can achieve. Cut the public sector, and the private sector’s share will grow by definition (so long as it doesn’t go into recession). The denominator falls so the ratio rises. And some useful effects might eventually help the private sector in absolute terms: see Alison Wolf’s piece about the problem with national wage bargaining, and the public sector crowding out the private.
However, there is no endorsement of this sensible idea in the Conservative blurb that follows – in fact, a load of stuff about fuller airplanes and high speed rail. A lovely intruiging picture followed by a fairly empty message.