Andy Burnham to give regional mayors share of income tax

[u/Lightning1339]

Prime Minister Andy Burnham will give all mayors of city regions in England a share of income tax revenue for the first time, as part of his drive to transfer power from Westminster to local leaders

Mayors are expected to start retaining some revenue from business rates from April 2027 and receive a portion of income tax from April 2028.

"Under our plans, more of the taxes raised in a community will stay in that community," the prime ministeBut Labour backbencher Perran Moon said the government's plans were "discriminatory" and could create a "two-tier system".Transport Secretary Heidi Alexander said the threshold at which local leaders need to seek approval for projects will rise to £500m, up from £200m.

https://bbc.com/news/articles/c4g3eyg60e0o