Despite a manifesto promise to
“at a minimum match the size” of the EU structural funds, the shared prosperity fund means £371 million less a year for English regions, as illustrated by hon. Members in the Chamber today. Of course, that cut comes at a time when the Conservative-led Local Government Association rightfully argues that the current council settlement falls £2 billion a year short of what is needed because of sky-high inflation. How does the Secretary of State plan to respond urgently to that plea?