Rachel Reeves, the Labour Chancellor, reiterates the long-standing issue of regional inequality in Britain, previously addressed by George Osborne's Northern Powerhouse initiative. Despite various economic shocks since then, the focus on leveling up has renewed under her leadership. In a recent speech, she announced a significant transport investment of £15.6 billion for northern England and the Midlands, alongside plans to adjust Treasury rules that favor wealthier areas. This initiative aims for a £300 billion boost in public investment, pursuing a more equitable model of economic growth across the country.
Ms. Reeves' commitment to rewriting Treasury rules aims to remove biases favoring prosperous areas, advocating for fairer distribution of public investment across regions.
With a pledge of 15.6 billion for local transport, Ms. Reeves emphasizes a new vision that seeks to uplift regions previously abandoned in favor of London.
Collection
[
|
...
]