Government’s levelling up plans ‘need total reorientation’ – News 24-7 Live News 24-7 Live
Government’s levelling up plans ‘need total reorientation’

Government’s levelling up plans ‘need total reorientation’

A key government advisory body has criticised the government’s plans for “levelling up” the UK in its final report before being disbanded.

The Industrial Strategy Council, chaired by the Bank of England’s chief economist, said the policy needed “comprehensive reorientation”.

A promise to level up different regions of the UK was a key plank of the Conservative Party election manifesto.

The government said its new Plan for Growth would drive economic growth.

Howeverthe Industrial Strategy Council (ISC) said, the government’s Plan for Growth, which was released alongside the Budget, was “over reliant on infrastructure spending”.

It also criticised plans for “centrally controlled funding pots thinly spread across a range of initiatives”, saying international and historical evidence was that this was “unlikely to be a recipe for success”.

The prime minister’s levelling up agenda, designed to bridge gaps in economic performance and opportunities between different areas and regions, is described as his government’s “central mission”.

The ISC’s report also pointed to a lack of detail on plans for help for specific sectors of the economy, and said green plans “are not yet a practical roadmap” for delivering net zero emissions by 2050.

News Source:- Bbc

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