Skip to main contentSkip to navigation Close dialogue1/1 Next image Previous image Toggle captionSkip to navigation Rachel Reeves delivers the Mais lecture at the Bayes Business School in London. Photograph: Yui Mok/PA View image in fullscreen Rachel Reeves delivers the Mais lecture at the Bayes Business School in London. Photograph: Yui Mok/PA Reeves plans to give England’s regional leaders a share of national tax revenuesChancellor seeks ‘genuine break with the past’ in tackling centralised and ‘geographically unequal’ country Rachel Reeves has announced that the Treasury will draw up proposals to hand England’s mayors a share of national tax revenues as part of a radical plan to rebalance the economy.The chancellor promised “a genuine break with the past” that would shift spending power away from Westminster, as she promised to create investment-led growth across the UK.Reeves was delivering the Mais lecture – the second time she has given the high-profile annual address at Bayes Business School in London.Rachel Reeves pushing plans for fiscal devolution in ‘a break with the past’ – business live Read moreIt is no coincidence that the UK is “the most politically centralised of advanced democracies, and one of the most geographically unequal”, Reeves said.Treasury officials will bring forward a plan at the autumn budget to allow regional leaders to receive a share of national taxes, starting with…
Published: March 17, 2026 4:48 pm
Source: The Guardian — Read original