Para 32 devolution of the Crown Estate. This is a big one, relating to shoreline management and its natural resources including renewable energy, oil and gas, and fishery infrastructure. Having watched "On Weir's Way" I've seen how some of the more remote villages are literally built on the shore and depend on Crown Estate infrastructure such as piers.
First sign of an anti-Nat trap in that this power should be further devolved to local authority areas. Difficult to object to this in principle, but what are the revenue/cost implications? Will profitable bits of the Crown estate no longer subsidise unprofitable bits in different local authorities?Hmm. I'm not sure that The Crown Estate (hereafter TCE) actually *has* unprofitable bits, so to speak. AIUI their only statutory duty (apart from those that apply to any company) is to maximise the revenue from their assets for the benefit of the Treasury. As such they don't so much "do" anything (which could be profitable or unprofitable) as much as collect rents
( ... )
Comments 2
Reply
First sign of an anti-Nat trap in that this power should be further devolved to local authority areas. Difficult to object to this in principle, but what are the revenue/cost implications? Will profitable bits of the Crown estate no longer subsidise unprofitable bits in different local authorities?Hmm. I'm not sure that The Crown Estate (hereafter TCE) actually *has* unprofitable bits, so to speak. AIUI their only statutory duty (apart from those that apply to any company) is to maximise the revenue from their assets for the benefit of the Treasury. As such they don't so much "do" anything (which could be profitable or unprofitable) as much as collect rents ( ... )
Reply
Leave a comment