Wednesday's Budget is to hand English mayors a £1.5bn borrowing facility as Burnham vows to end 'cap in hand' pleas
The £1.5bn borrowing pot will not arrive until 2028, and ministers will spend two years designing it with the mayors. Chancellor John Healey is to unveil the package in his maiden Budget on Wednesday, alongside an initial £285m in 'good growth' funding next year. Another £150m will go to help strategic authorities build up their skills, after the Treasury raised fears that some lack the capacity to manage bigger budgets.
Prime Minister Andy Burnham said going 'cap in hand' to Westminster is 'no way to run a country'.
Areas without strategic authority status will still get a share of the money during a 'transitional period'.
City experts warn the same Budget will unveil £70billion of borrowing to pay the welfare bill.
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Daily Mail NewsBudget will unveil £70billion borrowing to pay welfare bill, city experts warnsEvening 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 growthEvening StandardWhat is the state of the UK economy heading into next week’s Budget?MetroTax-dodgers will have cash automatically taken from accounts under new powersThe TelegraphHMRC to use snooping powers to raid bank accounts directlyGB NewsLabour gives taxman new powers to raid bank accounts in bid to recover £4bnThe SunNot paid your tax? HMRC to be able to take cash STRAIGHT from your bank accountLBC'Northern Olympics' proposal to get £7m in Healey's budget
