I really like the clarity of thinking here on the need to firm up the financial devolution arrangements with a mayoral Bartlett formula.
In parallel there’s a debate to be had on the freeing up of mayors and non-mayoral areas to raise their own income bypassing the centre. VAT retention above a baseline, local taxes anything to decentralise and permit areas to reinvest without needing approval from Whitehall.
Thanks Alexis! Agree on the need to consider tax devolution too - for example I think Scotland is now roughly half block grant, half tax funded so there is a clear model that could be followed.
I really like the clarity of thinking here on the need to firm up the financial devolution arrangements with a mayoral Bartlett formula.
In parallel there’s a debate to be had on the freeing up of mayors and non-mayoral areas to raise their own income bypassing the centre. VAT retention above a baseline, local taxes anything to decentralise and permit areas to reinvest without needing approval from Whitehall.
Thanks Alexis! Agree on the need to consider tax devolution too - for example I think Scotland is now roughly half block grant, half tax funded so there is a clear model that could be followed.