HANDING over power to mid-sized cities such as Portsmouth is crucial to Britain’s financial growth, a new report claims.
Portsmouth City Council leader Councillor Donna Jones has praised the document, which calls for cities like Portsmouth to be given more control over their finances.
Cllr Jones said the Missing Multipliers: Devolution to Britain’s Mid-sized Cities report was a wake-up call which boosted a bid by Hampshire and Isle of Wight councils for greater powers.
She said: ‘The government has made a pledge to devolve more power down to local people and I’m pleased that within six months of a general election we are seeing this happen.
‘The proposals on the table are in their early stages – we have an in-principle offer we have made to the government.
‘If these ideas are welcomed we will need to consult fully with the public, including holding a number of workshops to ensure the public understand the huge benefits that can be derived from a more localised form of decision-making across communities in the UK.’
The report was tabled at the Tory party conference in Manchester.
It calls for cities to keep more of the tax money they collect in order to stimulate economic growth, attract businesses and deliver better services.
Cllr Jones said this would make the council more accountable to residents.