The Treasury has said it will announce the location of a new northern headquarters within weeks as the chancellor, Rishi Sunak, prepares to set out plans in next Wednesday’s spending review for levelling up Britain’s lopsided economy. It will be drawn from the £600bn, five-year funding pot for infrastructure investment promised by the government this year. The planned cap has angered unions and drawn accusations that the government is instead levelling down the economy through a return to austerity-era policies. This month the Northern Policy Foundation, a Manchester-based thinktank founded by Conservative “red wall” MPs, recommended moving the Treasury to Leeds. All nations and regions of the UK have benefited from our unprecedented £200bn Covid support package.

Source: The Guardian November 20, 2020 22:30 UTC