A business leader has warned that the cost-of-living crisis is increasing regional inequalities across different parts of the country and putting the Government’s levelling up agenda at risk.
The warning from North East-born Legal & General chief executive Nigel Wilson came as research from the pension and investment firm found households in Yorkshire and Humber, the South West and Northern Ireland were particularly worried about their finances in the face of soaring bills.
Mr Wilson welcomed the Government’s £400 financial package for households but said the state needs to help “address the root of regional inequalities” with a longer-term strategy. He said “greater collaboration between public and private sectors” is needed to address issues across various parts of the economy, including energy, health, housing and jobs.
