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Fiscal devolution: will mayoral authorities remain at the whim of Spending Reviews?

The government’s proposals for the sharing of local tax revenues have been hailed as a radical and yet carefully calibrated step forward for fiscal devolution.

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But as the model for income tax assignment starts to take shape, there is so far little indication of how the spending needs of

Business rates will be fully locally retained by the end of the decade in place of government grants, the chancellor has pledged, as the roadmap for fiscal devolution was set out.

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