“City leaders across the country will be drowning their sorrows tonight after the Chancellor offered warm words but nothing of substance on devolution.
“It is deeply disappointing that the Government has failed to bring forward any proposals for fiscal devolution to England’s major city regions, as many had hoped.
“Compared to other countries, the buying power in the hands of UK local government is almost pointlessly small.
“Without a greater degree of control over local taxes all talk of devolution, investing in our city regions, and rebalancing the UK economy is just hot air.”
- ENDS -
Nahidur Rahman, KPMG Press Office
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.