Our work on the UK’s regional disparities has been the engine behind the levelling up agenda. This programme focuses on bridging the UK’s longstanding spatial inequalities and bringing economic opportunity to places which have lagged behind for too long.
As a paper by Onward think tank set out, cutting council tax rates in the lowest band and raising it for the highest would give poorer households, with a higher propensity to consume, more spending power. Rich households can absorb higher council rates.
The report considers which tax changes might have the biggest impact on helping people in the most deprived parts of the country as we recover from a global pandemic.
Onward's report 'Levelling up' highlights the extent to which government R&D spending varies across the country, and how changing this will benefit the economy overall.
Analysis of transport, science, housing and culture investment under successive governments showed spending to boost productivity levels is lower in less productive regions. In contrast, spending on this crucial infrastructure is higher in regions that are already more productive, research by the Onward think tank found.
In a well-timed pre-budget report intervention this week, a report from the centre right thinktank Onward proposes a series of areas and goals on which Mr Sunak could concentrate.