No more 'Spreadsheet Phil' in No.11 looking solely at national economic benefit, which almost always results in investment in the South East. This Government will change its spending rules to boost the Midlands and North, as outlined by The Times:
"The Treasury is planning to rip up decades-old public spending rules in an effort to boost economic wellbeing in the north and the Midlands.
Under proposals being drawn up before the spring budget, ministers will reassess how officials calculate the value for money of government investments in transport infrastructure, business development and initiatives such as free ports.
Investment decisions would be less focused on overall national economic growth and, for the first time, Whitehall resources would be allocated on the basis of improving the wellbeing of people in the north, or narrowing the productivity gap with the south."