Inherent flaws and political churn doomed Boris Johnson’s signature policy – and it was hobbled through bureaucracy and high inflation

Last February, the Treasury lost patience with Michael Gove.

The levelling up secretary had just given a speech in Manchester during which he announced £30m to pay for improvements to substandard housing. Officials had already blocked him from using that speech to announce a larger pot of money for local authorities, and then they decided to stop him allocating any capital spending of £30m or more without Treasury approval.

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