Tory thinking has shifted a long way. This isn't the 2010s. "The report...notes how London and the southeast have dominated investment.. It notes that there is an opportunity to help [the North] become home to a green industrial revolution." https://www.thetimes.co.uk/article/northern-england-needs-own-big-bang-to-pay-back-brexit-voters-ministers-told-dt80g28jm
Northern England needs own big bang to pay back Brexit voters, ministers told

Conservative and Brexit voters in the north of England should be repaid with a “Northern Big Bang” built round private investment, a think tank has said.The report, A Northern Big Bang, which is due

https://www.thetimes.co.uk/article/northern-england-needs-own-big-bang-to-pay-back-brexit-voters-ministers-told-dt80g28jm
It'd be nice to think left/Labour thinking had kept pace, but it hasn't. Far too many people think we can say boo to austerity, nasty Tories and that'll be enough. It clearly will not be. @jemgilbert keeps making the point here...
...that the left in has got to the point of being coherently anti-austerity, but it has not yet offered a popular alternative to neoliberalism. This is the area the Tories are moving into now: a managed, state-led version of capitalism with a hefty green colouration...
...and the working assumption has to be that it will be popular, and plausibly form the basis for a new Tory hegemony in increasingly environmentally-constrained times. Either the left works out how to crack this open, or the next decade in this country is pretty well settled.
(Incidentally, to be blunt: the approach that dominated the 2019 manifesto isn't helpful here. The Tories will run with state-led capitalism - which is what 2019 offered - more convincingly than Labour & left can. And low interest rates make it low-cost for them to do so.)
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