Chancellor John Healey is to hand England's mayors new borrowing powers and £285m in growth funding in Wednesday's Budget
Prime Minister Andy Burnham says he is 'calling time' on local leaders going 'cap in hand' to Westminster. The £1.5bn borrowing facility will not arrive until 2028 and its design will be shaped alongside mayors during the next two years. Treasury officials fear some councils cannot handle bigger budgets, so another £150m will go on building their capacity. More than £1bn will also go to social and affordable housing.
Chancellor John Healey says regional potential has gone 'untapped and wasted' under Westminster control.
Councils will get cheaper government loans to fund housebuilding.
Areas without strategic authority status will still get a share of the cash.
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BBC NewsBudget to include £1bn for social and affordable housingEvening StandardBudget to increase cash for social housing and give England’s mayors more powersLBCBudget to grant extra funding for England's mayors and regional leaders to make most of 'wasted' potentialReutersUK budget set to hand English mayors new borrowing powers, growth fundingThe GuardianHealey’s first budget to include big devolution package to boost growthThe IndependentEnglish mayors to get new powers and more funding to boost regional growthDaily MailChancellor set for extra £70bn borrowing bingeDaily Mail NewsBudget will unveil £70billion borrowing to pay welfare bill, city experts warnsThe SunThe three major state pension changes to look out for in next week's BudgetEvening StandardWhat is the state of the UK economy heading into next week’s Budget?Daily MailWhat could be in Burnham and Healey's Budget and what tax rises are on the cards?Evening StandardDo not repeat tax increases at Budget, Sainsbury’s boss urges Chancellor
