IMF point to local authorities to support recovery

22 May 2013: Interesting to see that today’s International Monetary Fund (IMF) statement United Kingdom—2013 Article IV Consultation Concluding Statement of the Mission – includes the following recommendation to the Chancellor:

“Investment in infrastructure, notably in transport and energy, could be supported by streamlining the planning application process and removing regulatory uncertainty. To accelerate the implementation of infrastructure projects, more authority over planning decisions should be devolved to local authorities, with financial incentives provided through greater revenue sharing.”

Further information on the IMF’s findings can be found on the following press release – U.K. Should Restore Growth, Rebalance Economy.

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