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Evening Standard
Evening Standard
Technology
David Hughes

Rachel Reeves sets out plans to hand mayors a share of tax revenue

Chancellor of the Exchequer Rachel Reeves delivers the Mais Lecture at the Bayes Business School in central London (PA) - (PA Wire)

Regional mayors could be given control of a share of income tax to invest in their areas under plans set out by Rachel Reeves.

The Chancellor said the move would not increase the tax burden but would share existing tax revenues with regional leaders, rather than the Exchequer controlling the cash.

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