Reeves plans to give England’s regional leaders a share of national tax revenues

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Chancellor seeks ‘genuine break with the past’ in tackling centralised and ‘geographically unequal’ country

Rachel Reeves has announced that the Treasury will draw up proposals to hand England’s mayors a share of national tax revenues as part of a radical plan to rebalance the economy.

The chancellor promised “a genuine break with the past” that would shift spending power away from Westminster, as she promised to create investment-led growth across the UK.

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