"I have asked my officials to work with mayors and businesses to develop a road map for future fiscal devolution to be published at this year's Budget. This will set out plans to give regional leaders control of a share of some national taxes which have, for too long, been allocated by central government."
Chancellor Rachel Reeves unveiled new fiscal devolution plans aimed at boosting economic growth in towns and cities outside London. During a lecture at Bayes Business School, Reeves announced that officials have been tasked with developing a roadmap for future fiscal devolution. This roadmap will be published at the autumn Budget and will outline plans to transfer control of a share of national tax revenue from central government to regional leaders. The initiative represents a strategic effort to redirect investment toward areas outside the capital and address regional economic disparities.
#fiscal-devolution #regional-economic-growth #uk-government-policy #local-government-powers #tax-revenue-distribution
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]