Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what analysis his Department has undertaken of the feasibility of further financial devolution to London and other cities.

The Government keeps all decisions on tax policy under review. In addition, the Government has recently devolved a range of responsibilities and funding through the Localism Act 2011 and have decentralised local government finance through the Local Government Finance Act 2012. Any further fiscal devolution to sub-national authorities in England would represent a significant change to the existing tax landscape with potentially significant legal, economic and constitutional implications.