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North and Midlands 'to get productivity boost'

Economic growth in the UK “has been too concentrated in London and the south-east”, Chancellor Philip Hammond says, adding we must drive up the productivity performance of our regional cities.

“Today we publish our strategy for addressing productivity barriers in the Northern Powerhouse; and give the go ahead to a programme of major roads schemes in the north.”

He announces funds for local enterprise partnerships (LEPs) between local authorities and businesses: “We are investing in local infrastructure in every region of England. I can announce the allocation of £1.8bn from the Local Growth Fund to the English regions: £556m to Local Enterprise Partnerships in the North of England, £542m to the Midlands and East of England, and £683m to LEPs in the South West, South East and London.”

He announces devolution measures including a new “City Deal” for Stirling, and says London “will receive £3.15bn as its share of national affordable housing funding to deliver over 90,000 homes”