SBR should be a stepping stone to greater financial devolution. But more radical changes to the local financial tool-kit will depend on SBR’s success, so it’s important to get the policy right. A permissive framework, with clear minimum standards, legal safeguards for businesses, and the option to hold a local vote, is the only way to build on the emerging consensus between business and local authorities. Otherwise, England’s cities and towns could miss a golden opportunity to lay the foundations for future economic growth.
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This article is taken from a new book on devolution from the Smith Institute, edited by Geoff Mulgan and Fran Bury of the Young Foundation. In it, Dermot Finch argues for bold steps towards differential financial devolution, with more powers for our biggest city-regions.
This paper sets out the Lyons Inquiry's headline conclusions and examines the Government's immediate reaction, and what will happen next.
While the media focused on the Eddington Transport Studys support for road-user charging, it downplayed the bigger story: Eddingtons radical proposal to re-prioritise Britains £18bn annual...
High-quality infrastructure, especially transport, is a critical component of strong economic performance. Yet the UK has under-invested in infrastructure for decades, especially in its major cities.
City Leadership concludes that Britains current level of centralisation is holding cities back, with consequences for the national economy as a whole ... and identifies greater financial autonomy as a top priority, especially for our biggest city-regions.
This paper argues that the expanded Lyons Inquiry is an opportunity that should not be wasted. Instead of political manoeuvring, its time to develop concrete reforms beginning with the devolution of real power and resources to Britain's cities.