Now more than ever, London needs devolved control of its own public spending resources

London is the key engine of UK economic growth, whose taxes finance public services in many other regions. But historically its special needs have not attracted the investment and public support they need, and the new austerity climate could spell disaster for the capital’s capacity to grow effectively. Tony Travers explains why the capital needs the same kind of public finance devolution that Scotland, Wales and Northern Ireland already enjoy.