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This report is a supplement to a previous report
by Policy Exchange and Localis, on the reform of the revenue finance system of local government in England.
In the final part of this major study into local government financial reform, Professor Tony Travers of the LSE examines the much overlooked capital finance system.
This volume briefly reviews the revenue and capital finance system available to local government in England and examines the recent changes to the system under the Blair government.
Professor Tony Travers of the LSE examines the history of local government funding in England and Wales, from feudalism through the Victorian period to today.