Branch2 Intelligence
Andy Burnham's theory of devolution for Britain
Key takeaway
Andy Burnham's devolution push signals potential regional fiscal autonomy, but past UK devolution has delivered mixed economic outcomes.
- Step 11st-order: Andy Burnham advocates for devolution, raising political attention on regional fiscal autonomy.
- Step 22nd-order: If devolution advances, Greater Manchester could gain control over business rates and planning, altering local SME operating costs.
- Step 33rd-order: SMEs in other UK regions may face competitive disadvantage if Greater Manchester uses new powers to lower rates or speed up permits.
Source: CNBC
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