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Investment in London: Challenges and Solutions
This chapter offers a new angle on London's modest capacity to secure investment compared to five other leading world cities: Hong Kong, New York, Paris, Singapore and Tokyo. It examines the budgets, investment tools and fiscal powers of these cities, and highlights the gaps that fiscal centralisation leave in London's financing toolkit. The proposals of the 2013 London Finance Commission, and their potential long‐term impact on the relationship between the capital and central government, are highlighted. Several measures for the devolution of financial powers are considered, and the risks of the status quo weighed up.
Investment in London: Challenges and Solutions
This chapter offers a new angle on London's modest capacity to secure investment compared to five other leading world cities: Hong Kong, New York, Paris, Singapore and Tokyo. It examines the budgets, investment tools and fiscal powers of these cities, and highlights the gaps that fiscal centralisation leave in London's financing toolkit. The proposals of the 2013 London Finance Commission, and their potential long‐term impact on the relationship between the capital and central government, are highlighted. Several measures for the devolution of financial powers are considered, and the risks of the status quo weighed up.
Investment in London: Challenges and Solutions
Clark, Greg (author)
The Making of a World City ; 159-173
2014-10-31
15 pages
Article/Chapter (Book)
Electronic Resource
English
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