Burnham vows mayors will no longer go 'cap in hand' to Westminster with new powers in Wednesday's Budget
John Healey is expected to raise the bank profits levy from 3% to as much as 8%, with the tax burden forecast to hit its highest level since 1948 in 2028.
Prime Minister Andy Burnham is to set up a £1.5 billion fund that England's mayors can borrow from to get major projects moving. Local leaders will also get an initial £285 million next year to spend on anything from housing to transport. Chancellor John Healey is expected to add £150 million to help strategic authorities scale up. Healey says the plan will unlock 'untapped and wasted' potential.
Healey is also expected to pump over £1 billion into social housing, delivering up to 10,000 homes.
Burnham told every minister: 'Devolution by default.'
Welsh finance minister Elin Jones warns Wales faces its worst settlement since before Covid.
