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UK Economy: Rishi Sunak to rewrite Treasury’s rules to help North

UK Economy: Rishi Sunak to rewrite Treasury's rules to help North 2

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.

The move is part of a drive to underline Boris Johnson’s ‘levelling up’ agenda and will be accompanied by the promise of tens of billions in investment.

Measures will include £1.6billion for local roads next year to tackle potholes and deal with congestion pinch points.

Chancellor Rishi Sunak is set to tear up Treasury rules next week that have been blamed for starving the North of investment

A Treasury spokesman said the spending review would also deliver a ‘massive down-payment on a number of flagship infrastructure programmes, including fibre…

UK Economy: Rishi Sunak to rewrite Treasury’s rules to help North

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