Andy Haldane, the chief executive of the Royal Society for Arts and former chief economist at the Bank of England, said the chancellor, Rachel Reeves, needs to urgently fund projects that "make lives liveable" to help rebuild deprived parts of the country.
This should include making a "big, bold bet" similar to that made by the previous Labour government in the run-up to the year 2000 when it set up the Millennium Commission, providing £2bn of National Lottery funding to dozens of arts and culture institutions.
Examples include the Eden Project in Cornwall, the Wales Millennium Centre, The Deep aquarium in Hull, Glasgow Science Centre and the Millennium Dome, which is now the O2 Arena.
Many were built on brownfield sites, particularly in areas with high levels of deprivation, which in some cases then led to a dramatic economic transformation of the area.
This story is from the October 28, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 28, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Patience finally snapped at Old Trafford after bosses grew tired of the excuses
There were plenty of times over the past 14 months when sacking Erik ten Hag would have been justified but Manchester United clung on in the hope he could somehow turn things around.
Ten Hag saga is major black eye for Ineos as United's brand is dying
Ratcliffe now has a hugely important decision if his club are to stop being a fading heritage exhibition
Taking United job would be enormous risk for Amorim
job would be enormous risk for Amorim
A view from the stands Going full Woodward is incompetent or cowardly
It was about half an hour after the final whistle at the FA Cup final when I had my exchange with Sir Jim Ratcliffe.
Van Nistelrooy has learned from the very best coaches
Dutchman took inspiration from Bielsa, Ferguson, Simeone and Robson in developing his own style
Rodri and Bonmati scoop top prizes as Real boycott big night
Rodri and Aitana Bonmati have been named winners at the 2024 Ballon d'Or at football's annual awards ceremony in Paris, their trophies handed out at the end of a bizarre day in which Real Madrid's delegation opted not to attend.
Stanway: Lionesses must evolve as plateau is 'inevitable'
Georgia Stanway said it is \"inevitable\" that England will plateau after their huge success and that they need to reinvent themselves to avoid becoming predictable.
Everything's starting to come together
Jack Draper's improvement in his breakthrough season has resulted from his greater fearlessness under pressure
Verstappen's ruthless streak on show again in Norris battle
Two races and two flashpoints, the world championship battle between Max Verstappen and Lando Norris is in full flow.
Curry poised for England return against All Blacks
Sale flanker expected to start after recovery from hip injury that threatened his career
