A new inquiry is being launched that will look at regional imbalances in the UK economy.
The inquiry will have two strands to it. One strand looking at the regional imbalances and the other assessing how data is used to see if there is any merit in producing regional economic forecasts.
Catherine Mckinnell, the Labour MP for Newcastle North and a member of the Treasury Select Committee, said the UK economy is one of "the most imbalanced in Europe" and that had to be addressed.
She told ITV Tynes Tees: "Everything seems to be concentrated in the south and there's a lot of concern about this north/south divide in our economy.
Citing the reasons for the imbalance she said the Treasury Select Committee, in conversations with the Chancellor and other officials, had found that no regional economic data was currently being collected.
This, she said, led to a lack of precise policies to help the North East develop economically.
Nicky Morgan MP, a former Education Secretary and Chair of the Treasury Select Committee, said the UK had clear "disparities" between different areas.
She said: "Members of the Treasury Committee represent constituencies from all over the country. What has become abundantly clear during my time as Chair are the disparities and differences that exist between the areas we represent.
The government says it is "refreshing its Northern Powerhouse strategy - improving digital connectivity and investing in the biggest road and railway programme in generations.
The Treasury Select Committee will be accepting written evidence on its website until August 2 as part of the inquiry.