Weak link between localism and economic growth

By Kevin Muldoon-Smith and Dr Paul Greenhalgh | 16 March 2016

When business rate retention was first introduced in 2013 it had two underlying policy objectives: localism and economic growth. 

The intention was for local governments to make their own decisions or, to follow the rhetoric of the time, to stand on their own two feet and compete for new businesses in order to grow their local economies.

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Local economies Whitehall Business Finance Business rates Policy Fiscal Freedom