The Chancellor is to tear up notorious Treasury rules blamed for starving the North of England of investment. Rishi Sunak will use his comprehensive spending review next week to abandon decades of Treasury orthodoxy blamed for skewing investment in infrastructure and the economy towards London and the South East. Mr Sunak will be abandoning the Treasury's 'Green Book' rules, which favour spending that produces short-term financial gains. Mr Sunak said last night: ‘We are absolutely committed to levelling up opportunities so those living in all corners of the UK get their fair share of our future prosperity. In an article on the Conservative Home website yesterday, Mr Houchen said Mr Johnson’s government ‘reset’ had to focus on the North.

Source: Daily Mail November 20, 2020 22:02 UTC