London’s £5.2bn Fiscal Cliff: Is Devolution Enough?
London’s municipal financial landscape is facing an unprecedented transformation, caught in the crosshairs of aggressive devolution promises and a stark, looming fiscal reality. According to recent analysis by London Councils, the collective funding gap facing the capital’s boroughs is set to balloon to £5.2 billion by 2030. This projected shortfall represents not just a line-item…
