Localis, an independent think tank, has released their response to the Budget of 2024, which was delivered by the first Labour Government in fourteen years.
Jonathan Werran, chief executive of Localis, praised the budget for giving “place-based policy a role from central casting” in addressing the government’s priorities of economic growth, new infrastructure, and the restoration of public services.
He also commended the increased powers and trailblazer deals given to combined authorities, such as Greater Manchester and the West Midlands, as a step towards devolution and the government’s national missions.
However, Werran emphasized the importance of political capital and constitutional reform in realizing the government’s vision of English devolution.
While the budget offers immediate resourcing for local councils and an increase in funding for social care, Werran expressed concern over the tight outlook for local public finances and the need for multi-year settlements to ensure financial security for local governments.
He also questioned the effectiveness of measures to unlock private and institutional investment in infrastructure and the urgency of addressing the housing crisis.
In terms of support for local economies, Werran noted the promise of lower business rates and relief for sectors such as retail, leisure, and hospitality, as well as measures to combat shoplifting and anti-social behavior.
In conclusion, Werran stated that the budget leaves questions about the extent of devolution, the financing of public services, and the support for local economies.
For media inquiries, please contact Localis chief executive Jonathan Werran at 0870 448 1530 or jonathan.werran@localis.org.uk. Localis is an independent, cross-party think tank that focuses on decentralizing political economy, empowering local leadership, extending local civil capacity, and reforming public services. They publish research, host events, and have a membership network of local authorities and corporate fellows. For more information, please visit their website at www.localis.org.uk. This press release was distributed by https://pressat.co.uk/ on Wednesday, 30 October 2024.