Rishi Sunak has been urged to allow metro mayors to keep the full tax revenue from the jobs created by their mayoral administrations, as part of a new devolution package for the North.
In a letter to the Chancellor, seen by ChronicleLive, North of Tyne Mayor Jamie Driscoll has said the move would transfer almost £40m to the North East to reinvest in job creation.
Mr Driscoll has also written to Shadow Chancellor Rachel Reeves and Shadow Levelling Up Secretary Lisa Nandy calling on Labour to back the reforms.