Burnham to free mayors from ‘Treasury death grip’ with new devolved powers

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England’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall. For the first time, mayors will keep a share of income tax generated in their area from 2028, as well as business rates totalling tens of millions of pounds by April 2027. These will replace existing grants rather than being additional money, but local leaders said no longer relying on ringfenced Treasury handouts would “transform” their funding. Oliver Coppard, the Labour mayor of South Yorkshire, said: “It’s really important because it gets us out of the death grip…

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