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Mayors Gain New Power Over Local Cash | Liverpool News
Description
The Prime Minister is launching a historic shift in how power and money flow across the country, giving mayors like Liverpool’s direct control over income tax and business rates — the first time income tax is being devolved locally. This bold move aims to break free from Whitehall’s grip, letting communities reinvest in jobs, transport, and housing where they matter most. Starting next spring, mayors will keep more of the cash generated locally, with full details to come at the Budget. Beyond funding, they’ll also gain expanded powers to fast-track infrastructure projects, cutting red tape and empowering regions to shape their own economic futures — all part of a government push to make local leaders the true drivers of growth.
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