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• Reference: 2013/0011-1
• Question by: Gareth Bacon MP
• Meeting date: 05 June 2013

What should the next steps be for taking forward the recommendations of the London Finance Commission's report?

• Question by: Kit Malthouse
• Meeting date: 05 June 2013

Kit Malthouse (AM): Professor, it is very interesting, what you have been saying this morning. Obviously the restrictions on borrowing by local authorities were loosened in 2003. I hesitate to be political about it, but the strict introductions that were introduced in the 1980s were in response to irresponsible borrowing by a number of local authorities, not least Liverpool and Hammersmith and Fulham, interestingly, and also I think the interest rate swap debacle where Hammersmith and Fulham lost the case on their treasury management and got into all sorts of trouble. The reason that the Government introduced those restrictions back...

• Reference: 2012/0221-1
• Question by: Gareth Bacon MP
• Meeting date: 24 October 2012

Stamp Duty and Income tax have both been mooted as potential candidates for tax devolution from Whitehall to London. How would you see the devolution of these taxes working, in practice? Which do you see as a more attractive option?