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The quiet return of equalization alongside incentive in the English local government finance system

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  • Mark Sandford

Abstract

Local authority retention of 50% of business rates revenue was introduced in England in 2013–14, to be increased to 100% in the next few years. This signalled a move away from formula-based grant funding towards a funding system based on economic incentives. However, the 2016–17 settlement includes adjustments that indicate that equalization imperatives remain part of the policy toolkit. Given the complexity of the influences on local authority funding, these could maintain a considerable role when the new system is introduced.

Suggested Citation

  • Mark Sandford, 2017. "The quiet return of equalization alongside incentive in the English local government finance system," Public Money & Management, Taylor & Francis Journals, vol. 37(4), pages 245-252, June.
    • Handle: RePEc:taf:pubmmg:v:37:y:2017:i:4:p:245-252
    DOI: 10.1080/09540962.2017.1295724
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    Cited by:

    1. Kate Broadhurst & Edward Steane & Vlad Mykhnenko & Nicholas Gray, 2023. "Intergovernmental dynamics in responding to COVID-19 in English and Australian cities," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(1), pages 185-196.
    2. Guy Ware, 2017. "Debate: Turning up the volume," Public Money & Management, Taylor & Francis Journals, vol. 37(6), pages 431-432, September.
    3. Kevin Muldoon-Smith, 2019. "Is it possible to incentivise and capture local wealth? The business rate challenge," Local Economy, London South Bank University, vol. 34(3), pages 213-220, May.

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