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One of the central tenets for 15 councils around the South forming the 'Southern Powerhouse' was so they could keep business tax local to the region. Yesterday George Osborne said it would happen nation-wide.
Solent Devolution arose after the original idea for a Southern Powerhouse faded, following a division between North and South Hampshire.
Now made up of the Isle of Wight, Southampton City Council and Portsmouth City Council, the Solent Devolution vision is to bring the areas together in a hope to benefit from the ability to collect 100% business rates, in place of the regional settlement grants that are being withdrawn by central government.
After the Conservative councillors took control of the Isle of Wight council in January 2017, the Devolution deal was scrapped as the Conservatives said they “wanted nothing to do with Portsmouth and Southampton”.