Episode 11: Economic Growth and the Town Hall (with Peter Arnold, EY)
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Episode 11: Economic Growth and the Town Hall (with Peter Arnold, EY)
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About this listen
In this episode of The Star Chamber Podcast, Marcus and Michael are joined by Peter Arnold, EY’s UK Chief Economist, for a discussion on the relationship between local government and economic growth.
They reflect on recent developments across the sector, including the Government’s latest announcements on SEND reform, the expanding use of Exceptional Financial Support (EFS) for councils, and the economic context set by the Spring Statement.
Their deep dive explores the relationship between local government and economic growth — historically, today, and in the future. From Victorian municipal infrastructure to modern regeneration and place leadership, we consider how councils influence economic activity, the incentives built into the current finance system, and whether the fiscal model genuinely rewards authorities for promoting growth.
Finally, their idiosyncrasy turns to the Municipal Corporations Act 1835, the landmark reform that reshaped local governance in Britain — sweeping away closed municipal elites and laying the foundations for modern elected councils.