Key Takeaway
Local leaders say plan will transform funding so English regions no longer rely on Whitehall handouts for projectsEngland’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall. For the first time, mayors will keep a share of income…
Published July 30, 2026 · Category: News
Overview
Local leaders say plan will transform funding so English regions no longer rely on Whitehall handouts for projects
England’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall.
Details
For the first time, mayors will keep a share of income tax generated in their area from 2028, as well as business rates totalling tens of millions of pounds by April 2027.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "Burnham to free mayors from ‘Treasury death grip’ with new devolved powers" about?+
Local leaders say plan will transform funding so English regions no longer rely on Whitehall handouts for projectsEngland’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall.For the first time, mayors will keep a share of income tax generated in their area from 2028, as well as business rates totalling tens of millions of pounds by April 2027. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.