The Chancellor is set to rip up Treasury rules said to favour London and the South East as she announces billions of pounds of investment in public transport for other parts of the country.

Announcing a £15.6 billion investment package in a speech in Manchester on Wednesday, Rachel Reeves will argue that Britain “cannot rely on a handful of places forging ahead of the rest of the country”.

The move will champion a “new economic model – driven by investment in all parts of the country”, she said.

The package is expected to include funding to extend the metros in Tyne and Wear, Greater Manchester and the West Midlands , along with a renewed tram network in South Yorkshire and a new mass transit systems in West Yorkshire.

She is also expected to confirm the spending review on June

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