TITLE

Give us the power our city needs to grow

PUB. DATE
May 2013
SOURCE
Evening Standard;5/15/2013, p14
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
TODAY'S London Finance Commission report makes an important case for how the capital's money is spent. London contributes a disproportionate share of taxes against what it gets back in central government spending — a surplus of almost £10 billion in 2011/12. The report argues that the Mayor should have control over the revenue raised in London from business rates, stamp duty and council tax, as well as power to levy a tourist tax. Central grant would be cut proportionately but London would be in more control — and keep any increase in revenues.
ACCESSION #
87574702

 

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