politics

Burnham's Plan Empowers English Mayors with New Tax and Borrowing Powers

30 Temmuz 2026The Guardian

Local leaders in England are optimistic about a new plan that will allow regional mayors to gain more financial autonomy. Starting in 2028, mayors will retain a portion of the income tax generated in their areas and will also benefit from business rates, which could amount to millions of pounds by 2027.
This shift aims to reduce reliance on central government funding for significant projects.
Historically, local governments in England have depended heavily on funding from the Treasury, which has often limited their ability to invest in long-term projects. This new initiative marks a departure from that model, aiming to empower local leaders and stimulate regional economies.
The proposed changes represent a significant shift in the balance of power between local and central government in England. By enabling mayors to retain a share of tax revenues, the government is acknowledging the need for local leaders to have more control over their financial resources.

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This article reflects the views of the author and does not necessarily represent the views of The Guardian or its affiliates.

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