SALFORD, ENGLAND - MAY 14:  Chancellor of the Exchequer George Osborne arrives to deliver his speech on the 'Northern Powerhouse' at Victoria Warehouse, Trafford on May 14, 2015 in Salford, England. In his first major speech since the election George Osborne announced plans to give English cities more powers over housing, transport, planning and policing as part of the 'Northern Powerhouse' plan.  (Photo by Christopher Furlong - WPA Pool/Getty Images)