“Local referendums were one of the flag ship provisions within the Localism Bill, and provided a unique example of the localism proposed in the legislation. But they were also a controversial provision, whether because they raised the possibility of a whole new series of local crank’s charters, or simply because they were an expensive luxury beyond the reach of local government in austere times. And now they are gone. Withdrawn from the Bill, following an amendment proposed by two Liberal Democrat peers.”
Full story (PDF)
11 KBW, 16th February 2012
Source: www.11kbw.com
