Rebalancing Power – More than Abolishing the House of Lords

Today the Labour Party unveiled its plans for devolving power away from Westminster and modernising our unwritten constitution. The headlines are dominated by the democratisation (or abolition as this sounds so much sexier) of the House of Lords as this is the ‘easy to understand’ element of the package. It is right to do and something about the Lords, but this is only part of redistributing power. This is political power, but I am just as interested in where economic lies in this country.