Devolved mayors and strategic authorities in England will be given a portion of income tax revenue from their regions under plans unveiled by Andy Burnham.
The reform, part of the Prime Minister’s goal to make devolution a key aspect of his administration, will allow metro mayors to access their own money pots rather than having to ask central government for grants.
Strategic authorities will also be able to reserve some money generated by business rates, while regional leaders will have greater remit over areas like transport and housing.
Devolved mayors have been campaigning for such powers for years, and are now looking at which projects they could fund off their own backs, with many major infrastructure projects set for a boost.
It is not yet known what the exact settlement might look like, as Chancellor John Healey will announce this in the autumn Budget, but mayors are expected to start seeing a portion of income tax revenue from April 2028.
