Public Finance Debate Highlights Fiscal Devolution and Preventative Spending
1 report, 1 independent
Updated Fri 00:00
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What happened
The Institute for Fiscal Studies and The Health Foundation participated in a public finance debate on October 30, 2026. The debate centered on measures announced by the Chancellor to strengthen decision-making and encourage thinking beyond annual funding cycles.
From lgcplus.com
Why it matters
The proposals on fiscal devolution are considered significant, as they allow mayoral strategic authorities to retain business rates and receive a share of income tax revenues. This change aims to create a closer link between local economic success and local revenues, reinforcing incentives for growth and investment.
From lgcplus.com
Who's involved
- Institute for Fiscal StudiesContributed research on revenue assignment and preventative spending to the public finance debate.
- Health FoundationSupported work on preventative spending and contributed to the public finance debate.
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The entities involved
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Institute for Fiscal Studies
UK research institute
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Health Foundation
UK charitable organization
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