Localism Bill

I do not wish to intrude on that celebration of the Bill's sound localist credentials, but might the Bill be more effective—and offer more real localism, rather than lip service to it—if it offered to devolve control over revenue, something that has been Lib Dem policy for many years? Does my right hon. Friend not agree that the Bill should disperse power over local government finance to the same extent that it does the power over planning?