Question to the HM Treasury:
To ask Her Majesty's Government what assessment they have made of the extent to which their levelling-up agenda will require measures to reduce growth in (1) London, and (2) the South East, alongside measures to increase growth in other areas of the country.
All regions and nations have an important role to play in the future prosperity of the country. As such, the government is committed to levelling up opportunity across the UK while also enhancing the UK’s existing strengths. This is why the Government continues to demonstrate its commitment to London and the South East, for example investing around £1.7 billion in 48 high-value projects through the Housing Infrastructure Fund, building ten new hospitals, and investing over £120 million from the Transforming Cities Fund in cities such as Southampton and Portsmouth. There are 5.9 million workforce jobs in London, and 22,000 civil service roles will be relocated out of London and the South East by 2030, as announced at Budget 2020.