Anonymous17 days ago
UK Chancellor Rachel Reeves used her landmark Mais Lecture on March 17, 2026 to announce that regional mayors in England could gain control over a share of income tax and other national revenues — the most significant fiscal devolution proposal for English regions in modern history. The plan, which comes alongside £2.3 billion in new city investment funds and a broader push to close the UK's stark regional economic divide, marks a dramatic policy reversal for a Chancellor who opposed fiscal devolution as recently as 2023.