Devolution and the UK Economy

David Bailey is Professor of Industry at Aston Business School, UK.Leslie Budd is Reader in Social Enterprise at the Open University, UK.

In normal times, a book on local economics in the United Kingdom edited by two business professors would pass unnoticed. But these are not normal times, and the issue of whether British territorial subunits can prosper on their own has taken on vital importance. The volume sets forth some clear and convincing findings on the matter.

• Introduction: Devolution and the UK Economy, David Bailey and Leslie Budd / Part I: Lessons from a Post-Referendum Scotland / 1. Where next for Scotland and the UK?, Jim Gallagher / 2. The Aftermath of the Scottish Referendum: A New Fiscal Settlement for the UK?, David Bell / 3. Local Tax Reform in Scotland: Fiscal Decentralisation or Political Solution?, Kenneth Gibb and Linda Christie / 4. Questions of Social Justice and Social Welfare in Post-Independence Referendum Scotland?, Gerry Mooney / Part II: Lagging or Leading in the Rest of the UK / 5. Economic Challenges and Opportunities of Devolved Corporate Taxation In Northern Ireland, Leslie Budd / 6. Commanding economic heights? The effects of constitutional uncertainty on Wales’ fiscal future, Rebecca Rumbul / 7. Securing Economic and Social Success: The Local Double Dividend, Neil McInroy and Mathew Jackson / 8. Beyond ‘Localism’? Place-Based Industrial and Regional Policy and the ‘Missing Space’ in England, David Bailey, Paul Hildreth and Lisa De Propri