A cross-party Commission on Levelling Up

That this House recognises the grotesque geographical wealth inequalities that exist within the UK; believes that addressing regional economic disparity will require a long-term commitment that exceeds one term of government; notes that all flagship funds announced by the Government to date only runs until 2024-25; further notes that capital support for infrastructure projects require long-term multi-annual commitments; acknowledges that following the reunification of Germany, the country committed to a long-term geographical wealth equalisation programme, investing over 2 trillion Euro at an average cost of €71bn per annum and that while this sum included spending on benefits and pensions, 21 per cent was spent on deliberate financial equalisation, 13 per cent on infrastructure investment and 9 per cent on business support measures; and calls for the Government to establish a cross-party commission on the question of Levelling Up to secure long-term cross-party support for geographically rebalancing the economy.