Writing in City AM, senior policy researcher, Alastair Reed, argues that the chancellor is right to back Crossrail 2, but he should not fund it. Instead, in the 2016 Budget he should announce bold reform to the business rates system, and then let councils keep all these revenues as promised. This would provide the local tax base for London to fund Crossrail 2. It would also enable other parts of the country to fund their major infrastructure priorities.
The image is ‘PM and DPM visit Crossrail tunnel site’ by The Prime Minister’s Office, published under CC BY-NC-ND 2.0