“What steps he is taking with local leaders to attract private investment into areas that have historically received lower levels of investment.”
Asked by
Dan Carden
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Exchequer Secretary to the Treasury (Dan Tomlinson)
My hon. Friends are right to ask these critical questions, and I agree with them that private investment is critical to delivering good growth in every postcode. The Prime Minister and the Chancellor have been clear that centralisation of power has led to too much of the country losing out on investment, leading to lower productivity and lower living standards for our constituents. The Chancellor set out yesterday his vision to shift power and resources so that they sit with local leaders, to enable long-term local investment and industrial strategies that will crowd in private investment.