Story perspectives
Burnham Proposes “No 10 North” Tax Devolution, Mayors Retain Revenue
6/29/2026
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Story summary
- Labour MP Andy Burnham’s proposal would let mayors keep a share of generated taxes, a fiscal devolution in decades.
- Labour MP Andy Burnham will deliver a speech in Manchester on June 29, 2026 outlining “No 10 North” devolution.
- Former Treasury minister Lord Jim O’Neill and former Bank of England economist Andy Haldane pledged to follow Chancellor Rachel Reeves’s fiscal rules requiring spending to be funded by revenue and debt to fall by 2029-30.
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