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More local revenues would mean less taxes going to the central Treasury and more to the local councils. A higher degree of money management would be required from local administrations to make sure it is spent where it is needed.
If, for example, 50% of all income tax went to the central State and 50% to the county councils, and in return each county council were responsible for paying all benefits in its own area, the local officers (jobcentre or whoever) would soon make sure that unemployed people find work, and that no-one claims incapacity benefit if they don't really need it.
As an example, Maidstone could delegate DDC to summon all unemployed people, and I mean ALL unemployed including those in Folkestone Road!!! no mater what language they speak, and make sure they get a job!
If any employers are making no secret of their preference for Eastern Europeans, such as Tilmanstone Salads - who even openly admit it on their website - they'd be immediately summoned to court for discrimination.
Economic Localism means more accountability, it means local officers speaking directly to the people in their area, sussing out the problems, and fixing them.
In our case, unemployment in Dover District would go down by 90% within 3 months!