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Our 2013 Budget letter asks the Chancellor to focus on housing and infrastructure to promote growth
To free local areas to invest in their economies over the long-term, this letter urges the Chancellor to be ambitious in implementing the local growth recommendations made by Lord Heseltine in his Growth Review. Moving towards single pots of funding and enabling local areas to prioritise spending according to their particular economic circumstances is vital for future urban innovation.
In addition to the longer term reforms recommended by Lord Heseltine, more action is required to kick-start the economy in the short-term. The Government must act more decisively in boosting the supply of housing, and the infrastructure needed to support it, in those parts of the country where demand is high and affordability is constrained.