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Economic Development

Rishi Sunak's Spending Review: What North West business leaders are hoping for from Chancellor's crucial announcement

Chancellor urged to address issues from HS2 to giving more powers to combined authorities to prioritising the region's green economy

Chancellor of the Exchequer Rishi Sunak

North West business leaders have issued their demands of Rishi Sunak ahead of his crucial Spending Review announcement on Wednesday, urging the Chancellor to address issues such as HS2, Northern Powerhouse Rail, levelling up, and prioritising the region's green economy.

Mr Sunak is due to address MPs at the House of Commons on Wednesday afternoon at the conclusion of a major one-year Spending Review - unprecedented as it comes in the middle of a national lockdown.

Some of the headline announcements expected from the Chancellor will be the Whitehall budgets for next year, and block grants for Scotland, Wales and Northern Ireland.

That's as well as an anticipated pay freeze for millions of public sector workers, and a cut to foreign aid.

No huge cuts are expected, however the Chancellor will reveal the forecast laying out the full, devastating impact of the coronavirus on the economy.

Announcements about some of the things we can expect in the announcement - for the NHS, roads, border security after Brexit, and even the 'festival of Brexit Britain'.

Ahead of Mr Sunak's speech on Wednesday, in what is a busy week of Government announcements, North West business leaders have made demands over what they want to hear from the Chancellor.

Electricity North West, power network operator for the region, said it was vital that Mr Sunak announces an investment in the green economy.