>>> poor parts of the Midlands and north of England would get lots of infrastructure investment, helping them to close the productivity gap with London. The country would be “levelled up”.<p>By "infrastructure" I guess they mean improvements to intercity rail connections, namely the high speed rail. I don't see those as localized improvements. Moreover they seem geared to decreasing commute times in/out of london (and a couple other of the largest cities). The net result is to allow rich londoners to live and commute from further afield. That isn't a move away from "peak capital", it's doubling down on that capital by further extending its influence, expanding the hinterlands on which it relies.