NO.
It's the principle of opportunity cost.
You aunt gives you £100 for your birthday. You can either go out for a slap-up meal, or buy a new computer widget.
The opportunity cost is that is you do one, you can't do the other.
How much more true that is of spending £106 billion quid.
I'm a "no" because of opportunity cost.
I have no problem with spending £106bn (*)
provided
a) we get best bang for bucks, AND
b) we get it impacting in the right places.
Those right places are, essentially, not-London. Probably not-SouthEast either.
There is, however, a danger of saying "spend it in the North", including that "the North" is not one homogenous, equal blob. Not all cities are equal, there are disparities between city and town, and even bigger disparities between city/town, and rural communities.
For instance, a rural community might really need a local hi-speed broadband hub, or a community post office, or better public transport links from country to tiwn/city (or all three), or .... you get the picture. Also, one local community might need that BB link, the next one a post office and yet anothdf, better local bus/rail.
Who's best equipped to decide local needs? Hint - it ain't some muppet in Whitehall. Or Downing Street.
I'm in favour of investing in the North (and other disadvantaged areas), but the real question is what gives the best bsng for buck,
either in returns in jobs, etc, or in acdressing necessary social needs.
(*) SO ..... £106bn eh?
First it was £30bn-ish, then (
IIRC) £58bn, then around £80bn, now £106bn.
Anyone got any faith it'll even come in at that? Final bill?
Anyone?
Hello? ..... lloooo, lloo, oo.
Thought not.