Anyway, some disappointment at London not getting its big ticket asks in the SR and it’s fair to say there can’t be many lower risk public investments than London Underground.
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There remains a strong case for increasing the tax raising powers (& broadening the range of benefits taxes levied) by the London Assembly (similar to other countries re local taxation) to fund infrastructure improvements
Yes, we’re not first people to say it since yesterday, but we could give London residents and businesses (through their elected representatives) the option of funding stuff themselves with a bit of additional taxation. We won’t though.
It appears that capital is finite, and government is prepared to make the trade-off of possibly slower overall growth to make a start on trying to reduce regional productivity gap. Risky but someone had to try?
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