Regional Economic Growth

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 28th November 2017.

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Photo of Seema Malhotra Seema Malhotra Labour/Co-operative, Feltham and Heston 12:00 am, 28th November 2017

The Bank of England deputy governor recently argued that Brexit could lead to a “sharp step down” in the UK’s productivity growth. That is likely to hit regions in different ways, and today the Social Mobility Commission talked about the “widening geographical divide”. What impact does the Chancellor believe the extra resources that he has talked about in the light of preparation for Brexit will have on tackling regional productivity issues and social mobility?