The chancellor’s decision to devolve the full revenues from business rates to local areas is a radical step forward for England’s regions. But for local leaders to increase investment in infrastructure, they need to be able to set rates locally and borrow against these revenues.
Compared to European counterparts, Britain’s housing market is a picture of market failure Across the European Union there is often a perception that Britain takes a more market-oriented approach, and where Britain leads continental Europe eventually follows. However, when it comes to housing, this is not the case. Britain’s housing market is far more dysfunctional […]