Monday, 27 October 2014

Think tank wants tax powers for London

The Centre for London think tank is demanding that London be given more power over its taxes - particularly property taxes - to ensure that it can meet its housing needs. Ben Rogers, director at the Centre for London, told the FT that the capital was in danger of becoming invisible in the debate over devolution. "London is hardly ever talked about. It is all about Scotland, Wales and to some extent the cities of the north," he said. George Osborne is preparing to hand a range of powers to several cities next month as part of his "northern powerhouse," but is reluctant to devolve tax-raising powers to regional cities for fear that handing more tax autonomy to the north would strengthen the case for Boris Johnson to take control of revenues in the capital.

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