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Future of Finance 2025

Time for a devolution dividend: strengthening the local tax base can boost UK growth

Growth has been weak since the global financial crisis, and public services have been stretched thin. Part of the solution to this bind may lie in reforming local taxes. Across the OECD, subnational governments power growth. They are responsible for over 50% of total public investment and hold key levers over housing, transport, planning and … Continued