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Why would it create more inequality in England itself?
There are often historical reasons for economic inequality and the £ bit is hard to figure out.
The UK countries though don't control their own budget but get £ allocated from Westminster, have too few seats to drive policy and with Brexit got ignored.
JWestland
I don’t agree that more regional power/federalism is the way to go, it creates massive inequality between regions. We already have that with London and the north east and devolution in Scotland and Wales.