UK budget to include devolution package for English local leaders
Chancellor plans £1.5bn borrowing facility to give mayors greater spending power
At a glance
- New £1.5bn borrowing facility planned for English local authorities
- Facility to be developed in collaboration with mayors over two years
- Part of broader devolution drive to increase local spending power
Chancellor John Healey will announce a devolution package in next week's budget aimed at giving local leaders in England greater financial autonomy. The plans include a new £1.5bn borrowing facility to be developed with mayors over the next two years.
The move builds on commitments to reduce the need for local authorities to seek approval from central government for spending decisions.
Why it matters
The package represents a shift toward greater financial independence for English local governments, reducing their reliance on central government approval for spending decisions.
Original reporting
- The Guardian — WorldHealey’s first budget to include big devolution package to boost growth
- The Guardian — BusinessHealey’s first budget to include big devolution package to boost growth
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.
