THE NEW chancellor Rishi Sunak will use his first budget to reveal parts of the Treasury will be moving up north.
A significant number of the Treasurys 1,500 jobs will be moved to an economic decision-making campus in a bid to shore up the northern voters who abandoned Labour.
Replacing Sajid Javid after a brutal reshuffle, Mr Sunak will also announce the biggest spending spree since 2001.
According to The Times, officials will then pump billions of pounds into infrastructure projects all around the region.
Mr Sunak is the first MP from Yorkshire to run the Treasury since Denis Healey in the 1970s.
The Tees Valley is favourite to host the hub after Sunak took nine officials to Teesside last month.
A team to lead the project is already being set up, with further Treasury jobs heading to Scotland, Wales and Northern Ireland.
The bumper budget will come on March 11, bringing more than 70bn of spending on infrastructure projects.
A Treasury source said: The chancellor wants to shift the gravity of economic decision away from the capital to our regions and nations and setting up a new economic decision-making campus in the north of England will do that.
It will be key in helping spread opportunity and prosperity to all.
However, think tank the Resolution Foundation warned the changes would come at a price.
Chief executive said: The real choice for this parliament is whether the new government wants higher spending enough to be prepared to put up the taxes to pay for it.
