The Government’s emergency budget is likely to overwhelmingly benefit people and businesses in London and the South East, rather than in the parts of the country the Government has committed to improve through levelling up.
The Government needs to use the Autumn Statement, when the Chancellor will set out broader spending plans, to offset this impact and set out bold plans to invest in growth in all parts of the country.
Adam Hawksbee, Deputy Director and Head of Levelling Up at Onward and former Head of Policy to Mayor Andy Street, said:
“Tax cuts definitely have a role in boosting growth, but their impact varies enormously and they typically benefit already prosperous places.
“It’s vital that as the Government gets on with its pro-growth strategy that it does not inadvertently undermine the central promise of levelling up made to voters in 2019.”
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