PM Johnson seeks reset with major economic plan

LONDON, 03 February 2022, (TON): The British government set out plans for a huge shift in power and wealth to left-behind regions of the country, a long-standing promise to the voters who helped put Prime Minister Boris Johnson in office.

Johnson’s Conservative government was elected in 2019 on a pledge to “level up” one of Europe’s most regionally unequal countries by improving transport links, infrastructure and economic opportunities in swaths of the country hit by shuttered industries and public funding cuts.

The government fleshed out that promise Wednesday with details of plans to invest in public transport, education, digital connectivity and R&D in poorer regions, mostly in central and northern England, by 2030.

It also said more regions will get elected mayors with substantial powers, and derelict industrial sites will be targeted for major regeneration projects.

As yet, though, there are few details of how the ambitious plans will be funded.

Britain has long had deep regional divides, with money and wealth concentrated in London and the south of England, while heavy industry dominated the north. The closure of mines and factories as the U.K. moved from industrial powerhouse to service-based economy in recent decades hit those areas hard.

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