INLOGOV (The Institute of Local Government Studies)’s Post

Interesting piece by Mark Sandford in the Local Government Chronicle on how other countries have fixed local government funding 👇 Key themes: - a detailed process of needs assessment - more formal intergovernmental coordination - forecastable revenues - more devolved approach https://lnkd.in/eH2iDdPY.

💶The EU faces monumental challenges today that its historical budget simply can't address effectively. From the green and digital transition to global conflicts and migration, the demands on the EU have increased. It needs a major budgetary revamp to meet growing demands and future hurdles. #EUBudget #EUReform Read more on Bruegel - Improving economic policy's analysis: https://lnkd.in/gFUg9GHY

👨💻 IS YOUR COMPANY DOING IN-HOUSE RESEARCH & DEVELOPMENT? 👩💻 If the answer is yes, you could qualify for the Ontario Innovation Tax Credit, which can provide additional tax savings alongside the federal SR&ED programs. Based on a top-end expenditure limit of $3 million for taxation purposes, the maximum tax credit amount is $240,000. For additional details on the program such as how to qualify and how to claim the credit, visit: https://lnkd.in/e2bCqg5j If you enjoy our content you can help us out by hitting the follow button on our page and share the post with your network! #YorkRegion #Ontario #Funding #TaxCredit #ResearchAndDevelopment #Research #Development #SRED #OntarioInnovationTaxCredit #Innovation #YRtech

📘The European Union's new fiscal rules are poised to reshape economic landscapes. Explore the latest Bruegel's policy brief authored by Zsolt Darvas, Lennard Welslau and Jeromin Zettelmeyer to explore the main features of the new European Union fiscal framework. Read the full paper here: https://lnkd.in/d5sGEsxQ

Tony Hague, CEO of PP C&A was invited to comment in this new Treasury Today feature, calling for more investment in apprenticeships and vocational training to boost young talent in engineering. He also advocates for increased R&D support for robotics and automation. Additionally, he suggests reducing corporation tax to encourage manufacturers to invest in new tech and people. What would you like to see? #Manufacturing #Engineering #R&D #UKBusiness #Apprenticeships

📣 Hasty fiscal consolidation stands in the way of EU strategic autonomy Finance Watch co-signed with over 60 civil society organisations, trade unions, think tanks, and academics a letter to the European Council. As members of the Fiscal Matters coalition, we emphasise the importance of reevaluating fiscal rules to pave the way for EU strategic autonomy. The letter underscores our deep concerns about the potential resurgence of overly restrictive fiscal policies within the EU. We firmly believe that adhering to arbitrary numerical benchmarks could lead to detrimental cuts in public budgets across Europe, ultimately hindering crucial investments in areas like green initiatives and social welfare programs. Our coalition advocates for a shift in EU priorities, calling for new measures to enhance EU public finances, improve public services, and safeguard European citizens against environmental, geopolitical, and economic risks. 👇 https://lnkd.in/eSyJ9DWF

The European election and the key role of the European Parliament On June 8 and 9 the election for the new European Parliament will be held. Talking to many friends I got the feeling  there is not much interest by the ordinary  people for the upcoming election despite the important role the European Parliament should play. The EU Parliament - among other things - has the function to supervise of all the EU Institutions including the Commission. Any citizen, acting individually or jointly with others, may at any time exercise their right of petition to the European Parliament under Article 227 of the Treaty and, on the other hand, the EU Parliament has the authority to establish Committees of inquiry formally granted to it in the 1992 Treaty of Maastricht. Therefore, how can this lack of interest be accounted for and consequently why don’t these tools really work? Of course, it can be argued that by casting their ballot the voters just delegate the members of the EU Parliament to perform their duties as best they can and by so doing the citizens may feel exempted from requesting any clarification whatsoever regarding decisions and policies made by those who they have voted. However, the term of a EU member is a five- year term which indeed is a great deal of time nowadays if we consider how fast our society has been changing lately and therefore under the circumstances, giving a blank mandate to the representatives upon voting them doesn’t make much sense anymore. On the other hand, there is no such thing as a shortage of topics and challenges to address by the European members of Parliament, just to name one, the drastic shift of the EU in terms of its financial policies in the aftermath of the pandemic; see my article : https://lnkd.in/dugfCWSR . As of today, the financial issue is on top of the European agenda again and it couldn’t be otherwise considering the large amount of money involved; see, among others, the note published by the “ IFC”: https://lnkd.in/dC3WMr8a . The very notion at the bottom of such a huge financial commitment is: “The greener, the better” or “the more digital the better”. Good to know because the EU economy does need to be fed with new projects and development programs. Nevertheless, the bottom line is actually elsewhere. How is this large amount of money really managed?  Is it true that most of it ends up benefiting the majority of EU citizens or is it lost amid the massive EU bureaucracy instead? In conclusion, since the debt accumulated in the international financial markets is about to fall on future generations a more consistent and regular use of these control tools would be welcome.

Margaret Thatcher’s “I want my money back”, Mark Rutte’s “Not a cent to the Greeks” and Mario Draghi’s “Whatever it takes”: many key moments in the history of European integration have been shaped by debates about money. The EU is now facing some existential questions that will decide its future, and many of them will require massive investments. How are we going to battle climate change and protect ourselves from energy insecurity? How do we keep our companies competitive in the global market? How are we going to defend ourselves? And – of course – how are we going to pay for all this? Join us for the EU seminar with MEPs Margarida Marques (S&D), MEP Dorien Rookmaker (ECR), and Director in the European Commission’s Directorate General for Budget Eric von Breska, as we explore the options for the EU's fiscal future.

#Weekend Reading: 📑in our latest #MondayInterview our Stephen Millard and Ben Caswell sat down and discussed the case for a new #Fiscal framework, outlining 3⃣ main elements for an alternative one which would foster sustained economic growth 📊📈 #GE2024 #GeneralElection #GeneralElection2024 #UKeconomy #EconomicPolicy #FiscalPolicy https://hubs.la/Q02BVPPZ0

Fascinating insights as always from Sir Tom Hunter. So much to unpack in here, ranging from Scotland's 32 local authorities, corporation tax and housing. Regardless of views on any of these, it is pleasing to see a "solutions led" and "action orientated" series of policy recommendations being developed by Sir Tom. The status quo just isn't working anymore, and I think there is a lot we can all take from Sir Tom's vision. https://lnkd.in/grHyWrz8