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.
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...Originally reported by The Guardian. Read the full story at the original source.
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