Published: 12th Nov 2020

A Treasury minister has confirmed the government will shortly update important rules around how it invests public money in key infrastructure projects. Speaking in a parliamentary debate yesterday (11 November), the exchequer secretary Kemi Badenoch said the government is planning to publish the updated Treasury Green Book at the spending review, which is due to take place later this month. The Green Book is the guidance used by the Treasury to appraise and evaluate policies, infrastructure projects and programmes. During the debate, several MPs criticised the current Green Book rules. Sheffield city region mayor and Barnsley Central MP Dan Jarvis called for the Green Book to be reformed to ‘reduce the in-built bias towards more affluent areas in government investment decisions’. Another Labour MP, Judith Cummins said it ‘skews investment, and therefore growth, into where it already happens’, rather than where it needs to happen. And Conservative MP Nick Fletcher … (To read the full article, subscribe below)