Chancellor targets English regions with multibillion investment

Budget aims to tackle London-centric economy by announcing spending plans for areas including the north and Midlands

English regions including the north and the Midlands will receive a multibillion-pound investment in an effort to reduce the weighting of the economy towards London.

Speaking as he announced plans aimed at improving transport links and devolving more power to the regions, Philip Hammond said "far too much of our economic strength is concentrated in our capital city".

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