Regional Growth Debate

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Department: HM Treasury
Wednesday 4th June 2025

(3 days, 11 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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The hon. Member makes an important point about people’s lived experience of these types of policy announcements. We are trying to make it easier for people to use affordable, reliable public transport that is better for the environment and easier for them to use to get about in their day-to-day lives. We have seen that a lot in places such as London in the past, other places around the country have looked on in envy. The announcement today will mean that that is available to many people across the country. Announcements on funding for areas that do not have combined authority mayors will also come, but that will be next week at the spending review.

Perran Moon Portrait Perran Moon (Camborne and Redruth) (Lab)
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Meur ras bras, Madam Deputy Speaker. I thoroughly welcome the Treasury’s Green Book Review because the current funding formulae do not reflect the true cost of delivering services in remote coastal areas such as Cornwall. They do not account for the scattered nature of deprivation, the costs associated with seasonal surge in demand, the costs associated with the influx of retirees, or the higher per capita costs of transport, waste collection, coastal protection and emergency response during the holiday season. They simply do not reflect the lived experience of people in Camborne, Redruth and Hayle and across Cornwall, despite our massive economic potential. Will the Chief Secretary assure constituents in remote coastal communities such as Cornwall that there will be specific changes to reflect our specific challenges?

Darren Jones Portrait Darren Jones
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I thank my hon. Friend and the wider group of Labour Members from Cornwall, who have campaigned vociferously on the Green Book. That may seem technical, but for the people at home it is important because it alludes to all the issues that my hon. Friend points out—not least because in the past, Government have made decisions about particular projects as opposed to particular places. That means that we cannot unlock the potential for growth and better livelihoods because of a failure of applying the Green Book and its rules.

The Chancellor announced today that the Green Book update will be published next week at the spending review. I can give my hon. Friend the guarantee that the detail of that, when it is published, will show that this Government will look much more widely at how spending across Government lifts the potential of places to deliver better jobs and better wages for people, and more secure communities.