Burnham’s tax power shift aims to free England’s mayors from ‘Treasury death grip’
•England’s mayors will gain the ability to borrow for major projects, reducing reliance on central government funding.
•Starting in 2028, regional leaders will retain a portion of income tax generated in their areas.
•The plan aims to empower local authorities by shifting financial power away from Whitehall.
المصدر: The Guardian World | Source: The Guardian WorldLocal leaders say plan will transform funding so they no longer rely on Whitehall handouts for big 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.
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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→England’s mayors will gain the ability to borrow for major projects, reducing reliance on central government funding.
→Starting in 2028, regional leaders will retain a portion of income tax generated in their areas.
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