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fiscal devolution

  • Can John Healey deliver Burnham’s make-or-break devolution agenda?

    Economics

    Devolution is Andy Burnham’s preferred growth lever. Maurício Alencar explores how devolution under Chancellor John Healey could save Britain – or destroy it. In 1998, two of the closest aides of then-chancellor Gordon Brown produced a report into the regional economic divide in Britain. The report, called ‘Towards a new regional policy: Delivering growth and [...]

    John Healey, in a red tie, speaking with Andy Burnham, wearing glasses and a dark blue jacket, outdoors.
  • Can Reeves’ fiscal devolution plans defeat the Nimbys?

    Opinion

    Rachel Reeves plans to end the paradox of British politics whereby local people bear the costs of growth but rarely feel the benefits. Will it work? Asks John Oxley Rachel Reeves attracts many descriptions, but few would peg her as a revolutionary. Her new plan for the economic landscape of the country might change this. [...]

    Reeves Bank exterior with modern architecture, showcasing its sleek design and prominent logo on a sunny day.
  • Reeves warned against bank tax raid

    Banking

    Rachel Reeves has been warned of the growth consequences of upping tax on lenders after a leaked memo from Angela Rayner called for the Chancellor to launch a cash grab on banks. Reeves was sent a memo by the Deputy Prime Minister ahead of the spring Statement, which called for an annual £700m hike on [...]

    Chancellor Rachel Reeves has been warned businesses are not prepared for "another Budget battering".
  • Metro mayors need more power to deliver growth

    May 8, 2024

    Sadiq Khan has been reelected for a third term as mayor, but if he's to get London firing on all cylinders we need more fiscal devolution

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