The British populace was deceived with the concept of ‘levelling up.’ Originally, they were assured of a comprehensive strategy aimed at investing in all regions of the nation and enhancing the living standards for the workforce. However, instead of tangible transformation, they were only presented with hollow catchphrases and unfulfilled commitments.
Since assuming office at No11 Downing Street, I have witnessed the adverse effects of this situation – with high streets deteriorating, businesses entangled in unnecessary bureaucracy, communities lacking investment, and hardworking individuals struggling to secure decent employment and essential public services.
Nevertheless, I have also observed a nation brimming with exceptional talent and innovative enterprises eager to seize opportunities, generate more employment, and foster growth. Hence, the current administration is committed to fulfilling its pledge of fostering economic expansion, elevating living standards, and revitalizing the entire United Kingdom.
Our focus is on channeling investments into the most deserving communities nationwide, not solely the areas that have historically received preferential treatment. From Bristol to Bury, and from Doncaster to Dundee, we are championing British towns and cities, supporting exceptional talent, brilliant scientists, and cutting-edge businesses to ignite the next phase of national progress.
During the recent Regional Investment Summit, we secured over £10 billion to be directly infused into every region, allocated more than half a billion pounds for new housing and infrastructure within the Oxford-Cambridge Growth Corridor, and initiated the largest-ever investment in city region transportation.
Through the inaugural National Wealth Fund’s investments, we anticipate creating or sustaining over 64,000 quality jobs across our territories. Furthermore, we are facilitating the most extensive transfer of authority and resources from Whitehall to local leaders to ensure that all regions of the UK reap the rewards of growth.
Consequently, regardless of your location, this administration is dedicated to supporting your community with investments, employment opportunities, and prosperity because, unlike previous governments, we recognize the potential in every village, town, and city.
This approach is how we construct a more robust economy – one that acknowledges hard work and benefits everyone. The early outcomes are already evident, with inflation stabilizing, retail sales reaching a three-year peak, and the average individual’s disposable income rising by £800 annually since the recent election.
Acknowledging that there is more work to be done to deliver tangible growth across all parts of Britain, the end goal is clear: securing promising jobs for our future generations, rejuvenating local high streets, and fostering national revival.
This underscores the significance of investment, the impact of regional advancement, and the essence of this government’s mission.
