1 Day
Source:
The Guardian
Burnham seeks to reduce Treasury control over England's mayors
England’s regional mayors will gain new powers to borrow and retain a share of income tax and business rates, enabling them to fund major projects without relying on Whitehall grants. The plans, announced by Andy Burnham, aim to shift control over local finances and strengthen devolution, including the ability to take out long-term loans based on projected income. These measures are expected to significantly expand local authorities' capacity to invest in infrastructure and public services.
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