Briefing 32: Fiscal Decentralisation

Release Date: January 2014

UK city agglomerations are responsible for the majority of UK growth. However, centralisation has restricted their ability to deliver locally designed strategies which take into account their unique opportunities and challenges. The result is that UK cities outside London punch below their economic weight.

This briefing draws on evidence, including from The London Finance Commission, that suggests localising the rewards of investment creates more growth-inducing policies. It argues that this model is applicable to other potential UK growth poles, alongside the need for appropriate statutory governance.