England mayors to keep share of income tax, business rates in devolution push

Budget 2026: Mayor welcomes plans for business rates powers and Derby aerospace investment

East Midlands Mayor Claire Ward has welcomed Autumn Budget plans to give mayors a share of locally raised taxes and support a £2.5 billion aerospace programme involving Rolls-Royce. The measures outlined by Chancellor John Healey include plans for mayors to receive 20% of business rates income from next year, with a share of income tax […]

UK sets out fiscal devolution plan to boost economic growth

UK sets out fiscal devolution plan to boost economic growth

England mayors to keep share of income tax, business rates in devolution push

England's regional mayors will be able to retain a share of income tax and business rates, finance minister John Healey said on Wednesday, a step towards unwinding one of the most centralised tax... -October 28, 2026 at 09:29 am EDT MarketScreener

UK sets out fiscal devolution plan to boost economic growth

England's regions will be able to retain a share of ​income and business rate taxes raised in their areas, the British government said ‌on Wednesday, a step towards unwinding one of the most centralised countries in the world.