Steve McCabe – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Steve McCabe on 2016-09-02.

To ask Mr Chancellor of the Exchequer, with reference to the findings of the Centre for Cities report, entitled 10 years of tax, published on 7 July 2016, what steps his Department has taken since 2010 to address regional variations in tax generation.

Mr David Gauke

We have gone further than any other government in devolving significant powers and funding from central government to city regions through devolution deals – which will result in high quality jobs, local growth, and reduce regional variations in tax generation. We are breaking with decades of centralisation, handing real powers away from Whitehall and closer to local people.

The government has made several commitments which will boost high quality job creation across the regions. £200m has been committed to Transport for the North, strategic investments have been made in science (including £235m for the Sir Henry Royce Institute in Manchester,) Hull has been backed as the 2017 City of Culture, and we are creating a Midlands Engine Investment Fund of over £250m.