With the new fiscal devo announcement today, here’s where we are compared to other countries Highly centralised in terms of tax take. Which means we invest less locally and have less local power. Which means we are more unequal and living standards suffer across the country
Luke Raikes@lukeraikes.bsky.social · last mo.Why? Because we don’t let places pay their own way and have the Treasury micromanage everything. We are overwhelmingly the most fiscally centralised major economy - raising just 5 per cent of tax locally. The treasury hoards taxpayers money and leaves places without.
