Some £576 million of ‘levelling up’ funding has been ‘lost’ due to spiralling inflation, figures have revealed.
Labour ’s Lisa Nandy accused the Tories of a “catalogue of failure”, which had left the party’s promises “in tatters.”
Inflation is reducing the real-terms value of cash awarded to communities and projects by funds under Boris Johnson ’s flagship policy - meaning it’s worth hundreds of millions less than when it was awarded.
