Government should reopen fiscal devolution talks

Bond Dickinson and Grant Thornton have urged the government to reopen conversations about ‘meaningful’ fiscal devolution to transform city regions.

The law and finance firms have launched the first benchmarking report for the performance of combined authorities, Combined Authorities: signs of success, providing a detailed analysis of the legal, funding and governance frameworks of each of the combined authorities and suggesting that ‘their potential to innovate and drive success’ should be recognised.

The report argues that fiscal devolution offers real hope to people and businesses buying into their places and making sustainable local investments, and that, without talks, the ability for localities to put in place strategies for sustainable and inclusive growth will be severely tested. In order to progress devolution, it is imperative that regular benchmarking and reporting continues to occur.