Mayors to keep slice of income tax and business rates for local projects in devolution revolution

New Prime Minister Andy Burnham said the huge devolution shake-up will allow local leaders to keep more of the cash residents pay - and invest in their communities

Prime Minister sets out major reforms that he says will see regions like ours able to keep much more of the money generated here

Andy Burnham said he would give mayors in England a share of the income tax generated in their regions as part of the new UK prime minister’s drive to move political and economic power out of Whitehall.

Andy Burnham has vowed to take power out of Westminster (Picture: Toby Melville – WPA Pool/Getty Images) Mayors will keep a share of taxes collected in the region in a major redistribution of power in England. Andy Burnham will let mayors keep a slice of income tax and business rates for them to decide how it is spent.

‘I know what it’s like to be ignored by politicians in Westminster – I’m not going to make that same mistake now I’m PM,’ says Burnham as he unveils another new policy

The Prime Minister is expected to unveil plans on Friday for mayors to be handed a share of income tax revenue to spend locally.

Mayors plan tax rebates for voters with devolution windfall  The Times