The government’s commitment to rebalancing the economy has been called into question, with new research showing that planned infrastructure investment is “heavily biased” towards London.
Analysis of national infrastructure projects by researchers at the Sheffield Political Economy Research Institute (Speri) suggests that George Osborne is “failing to deliver” on his Northern Powerhouse promises.
The study describes how London is set to receive more funding from the public purse than every other English region combined.
The bias towards… investment in London suggests the Government’s commitment to geographical rebalancing of the UK economy is highly questionable, and will continue to inhibit private-sector growth in other regions.
A Treasury spokesman said: “We are determined to deliver the infrastructure Britain needs… That’s why we’re building a Northern Powerhouse and have set out over £410bn of public and private infrastructure investment spread out across Britain.”