Rachel Reeves to make main speech forward of spending assessment – LIVE | Politics | News | EUROtoday

Rachel Reeves is ready unveil £15.6 billion of funding in public transport within the North and Midlands.

The Chancellor will argue that Britain “cannot rely on a handful of places forging ahead of the rest of the country” and champion a “new economic model – driven by investment in all parts of the country”.

She can be anticipated to substantiate that subsequent week’s spending assessment will embody modifications to the principles within the Treasury’s Green Book that decide whether or not tasks obtain funding.

Green Book guidelines have been criticised in some quarters for favouring funding in London and the South East.

Ms Reeves is predicted to argue that altering the principles will make sure the Government “gives every region a fair hearing when it comes to investments”.

But it should additionally imply more cash for areas of the North and Midlands, together with the so-called “Red Wall”, the place Labour MPs face an electoral problem from Reform UK.