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

The Guardian Business · Published 1d ago · Impact 56%

Local leaders say plan will transform funding so English regions no longer rely on Whitehall handouts for projects 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 White

Caution ahead70%

PositivePossible support for stability, investment or market confidence

RiskInflation, volatility, borrowing costs or weaker growth

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