Labour would break up Treasury and create northern No 11, says McDonnell

Transformation fund would aim to improve regional infrastructure including railways. A Labour government would “break up” the Treasury and create a new devolved unit in the north of England, the shadow chancellor has said. John McDonnell said the £250bn unit would be responsible for improving national infrastructure, including overhauling the north’s creaking transport system. In an interview with the Manchester Evening News, he said the Treasury needed to acknowledge the