Few of us would disagree with the sentiment of levelling up and build back better, say Room 151. The global pandemic and Brexit have combined to move place-based inequalities to centre stage in public debate. The need for more public investment is undeniable. But to get anywhere close to what’s required for a so-called levelling up (a cool £1trn according to the UK 2070 Commission, led by Sir Bob Kerslake), we need a doubling up of public and private investment.
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