New Skyscraper Under ConstructionThis year, George Osborne delivered his Budget against a backdrop of better than expected growth, higher than expected employment, and a deficit reduction plan that exceeded previous OBR forecasts.

His speech, unsurprisingly, made much of the success of the “long-term economic plan delivered by a coalition Government and a Conservative Chancellor”. Yet the fact that our cities still lack the powers they need to fulfil their economic potential, and drive growth locally, will constrain future growth for large parts of the UK economy. (more…)