(2 years, 4 months ago)
Commons ChamberMy right hon. Friend puts his finger on exactly why the levelling-up fund and the UK shared prosperity fund are so vital. What they do is go straight to local communities. This allows them to make bids and decisions on behalf of their constituents, residents and ratepayers in a way no other scheme has previously enabled them to do. That is why this is innovative and will lead to sustainable jobs.
What type of shared prosperity is it when the UK Treasury plunders capital investment programmes in Wales by refusing to let contractors use red diesel instead of white diesel, further driving up construction inflation to the benefit of the UK Treasury and the detriment of Wales, Northern Ireland and Scotland?
I do not think that question has any sensible context to it, because the proposals that have been set out—by the Treasury or, indeed, through the levelling-up and shared prosperity funds—make it absolutely clear how those funds will benefit all communities in a way that they have not before. Picking specific examples and saying that this is an anomaly overlooks, I think deliberately, all the criteria that underpin the funding methods I have talked about.