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Cities need a wide range of fiscal freedoms to deliver economic growth. Business rate localisation is a welcome step, but is not without risk, and should be introduced as part of a programme of wider fiscal reform -  new report from Core Cities UK and Metro Dynamics.

Core Cities has also published its own response to this report, saying that the first step toward financial freedom is to make sure a workable and fair solution is found to Business Rate localisation – which starts across England from 2020.

In a full response, it adds that any additional responsibilities handed down within the new system must focus on helping cities to tackle productivity and reform the public sector to achieve better outcomes, in ways that match the distinctive local needs of different places.