North of England: Investment

Lord Bishop of Newcastle Excerpts

Tuesday 23rd February 2021 Lords Chamber

Asked by

[The Lord Bishop of Newcastle]

To ask Her Majesty’s Government what assessment they have made of the report by the Centre for Policy Studies A Northern Big Bang: Unleashing Investment in the North, published on 14 February.

[The Minister of State, Home Office and Ministry of Housing, Communities and Local Government (Lord Greenhalgh) (Con)]

The Government welcome the contribution made by the Centre for Policy Studies report. Levelling up the north of England is a key priority for this Government, and the coronavirus crisis has made it more important than ever that the Government continue to drive forward progress on our promise to deliver real, positive change in the north.

[The Lord Bishop of Newcastle [V]]

I draw attention to my interest as the chair of the North of Tyne Combined Authority inclusive economy board, as set out in the register. It is rather shaming that the UK is the most geographically unequal of the OECD group of 27 rich countries. The Treasury’s historical approach to investment has widened rather than closed the north/south divide. I want to press the Minister on whether he agrees with the central thrusts of the report: first, that levelling up will rely on the power, dynamism and scale of investment which only the private sector can bring; and, secondly, that the economic success of the north is too important to the people who live there to be left in the hands of those who do not. Do the Government accept that business as usual simply will not cut the mustard?