Funding

Meeting: 
MQT on 2014-09-17
Session date: 
September 17, 2014
Reference: 
2014/3232
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What progress has been made in lobbying the government to devolve property taxes to the Greater London Authority?

Answer

Answer for Funding

Answer for Funding

Answered By: 
The Mayor

Over the past 12 months I have been banging the drum, along with our friends in the other great English cities and London Councils, for the Government to act on the recommendations of the excellent London Finance Commission report and for Whitehall to devolve the full suite of property taxes to London's government.

In comparison to the powers being granted to Scotland our ask is small, representing only 12 per cent of London's total tax rate collected by central Government. If fiscal devolution is good enough for Scotland, Wales and Northern Ireland, then the time has come for London and the other great English cities to get their own settlement.

I therefore welcome the three party leaders' commitment to devolve further power to cities and we will continue to make the strong case that this must include fiscal devolution.