The UK government and London’s political leadership are backing a new devolution package that would expand the powers and finances available to the London mayor. According to reporting, Prime Minister Rishi Sunak confirms the mayor, Sadiq Khan, will be able to keep a portion of the income tax and business rates generated in London. The arrangement is described as funding that can be used to support local spending priorities.
The proposals are also framed as part of a broader push to shift authority away from Westminster and move decision-making closer to local communities. Andy Burnham is cited in connection with the announcements, which are presented as a “huge devolution drive.”
While details on the precise proportions or timelines are not included in the provided excerpts, the consistent theme across the accounts is that London’s fiscal powers would increase, allowing the mayor to retain and deploy revenues linked to economic activity within the capital. The measures are positioned as a way to strengthen local governance through additional control over taxation receipts and related funding.
