Sunday, 17 March 2013

Economy News Headlines - Yahoo! News: Britain to devolve public spending to boost growth

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Britain to devolve public spending to boost growth
Mar 18th 2013, 00:06

The Palace of Westminster is seen in LondonLONDON (Reuters) - A plan to devolve potentially billions of pounds of public spending to local authorities and businesses in Britain to boost a stagnant economy won a green light from the government on Monday. The Treasury said the coalition government had approved almost all the recommendations in a blueprint drawn up by Michael Heseltine, a former Conservative deputy prime minister. The scheme will see public money for projects such as housing and transport, now controlled by various government departments, pooled into a single pot from 2015. ...


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