Devolving taxing power to cities is about breaking up the power of the state to manage the economy

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I have written this morning about the dangers inherent in Tory plans to devolve powers to the UK's cities. This got a response on twitter:

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Let me put this in context. Kristian Niemietz is a senior research fellow at Margaret Thatcher's favourite think tank, the Institute of Economic Affairs. His twitter home page has this picture:

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So let's be clear about it. The chaos that could result from devolved taxing powers is not accident: it is planned. And planned by the Thatcherite right to undermine the state.

Those who embrace this idea for UK cities should take note.

And at the same time the need for a theory of devolved power is pressing.