The Preston model – event review: ‘Cities are looking to us for hope’

Senior economics commentator Aditya Chakrabortty was joined by an expert panel and more than 400 Guardian supporters

In 2002, Preston, Lancashire – a vibrant industrial town in the north of England – attained city status and struck out on its own, adopting a form of guerrilla localism. It keeps its money as close to home as possible so that, despite major spending cuts nationally, the amount spent locally has gone up. Where other authorities privatise, Preston grows its own businesses. It even creates worker-owned cooperatives.

After a wealth of positive feedback in response to senior economics commentator Aditya Chakrabortty’s Alternatives series, looking at how we can make the economy work for everyone, and notably his piece on the Preston model, we decided to host a Guardian Live event in the city to meet some of the people making it happen.

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