Levelling up failures unforgivable, Starmer says as he warns on council spending

The video discusses the government's levelling up initiative since 2019, highlighting the lack of a viable plan and the need for change, especially in the Black Country. It addresses the funding challenges faced by councils across political lines and suggests longer funding settlements as a solution. The video concludes with a focus on economic growth as a way to overcome past economic damages.

What does the speaker mean by 'levelling up' in the context of government policy?

According to the speaker, what is necessary for economic recovery?